How stable are stablecoins?
Over 50 cryptocurrencies pegged to stable assets will soon be in play in the crypto world. It may be early yet but their rise in popularity is a development worth paying attention to.
Last week, the price of bitcoin, the most popular cryptocurrency, fell to a one-year low. Right now, a single bitcoin is priced at US$5,515, but a slump in price over the year dragged others down. The volatility has deterred investors even though cryptocurrencies will always have their believers and their advocates.
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