imageCryptocurrency10 hours ago (Apr 13, 2020 12:00PM ET)

Looking Into the History of Stablecoins to Understand the Future of Money

Cryptocurrency was invented and designed to provide numerous benefits for global private and institutional clients, to free people from the burden of banking systems and to create a new financial ecosystem.

The underlying technology, blockchain, can indeed be considered one of the most significant technological advancements of the 21st century, as it provided the groundwork to establish a new kind of money: digital currency. However, after a few years of overhyped crypto market mayhem, countless fraudulent projects and questionable vectors of development, it became evident: global acceptance could not be achieved yet. The industry lacked something vital. Reality had proved that unbacked digital currencies couldn’t lead to a better era. From the ashes of failed investors’ expectations a new cryptocurrency asset class has been born: the stablecoin.

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Looking Into the History of Stablecoins to Understand the Future of Money

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