Fiat-Pegged Stablecoins as a Stepping Stone to the Next-Generation Global Currencyby@daniel-popa
591 reads

Fiat-Pegged Stablecoins as a Stepping Stone to the Next-Generation Global Currency

tldt arrow
Read on Terminal Reader
Read this story w/o Javascript

Too Long; Didn't Read

There is no question that stablecoins are making waves in the sea of cryptocurrencies. Fiat-backed stablecoins arose from the need for a stable store of value and way to maintain purchasing power over time. Over the last 25 years, the ten top most-traded currencies have significantly depreciated in value. The top five stablecoins by market capitalization are all backed by the US dollar, perhaps due to the dollar’s international familiarity and acceptance as a global currency. Other notable players in the stablecoin landscape include USDCoin, TrueUSD, Paxos, DAI, STATIS EURS, BitUSD, and Gemini.

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - Fiat-Pegged Stablecoins as a Stepping Stone to the Next-Generation Global Currency
Daniel Popa HackerNoon profile picture

@daniel-popa

Daniel Popa

Founder & CEO of Anchor


Receive Stories from @daniel-popa

react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!