Stablecoins Not The Solution For Bitcoins Issues

Stablecoins Not The Solution For Bitcoins Issues
фото показано с : cryptodaily.co.uk

2018-9-12 13:30

The launch of stablecoins is viewed as a palliative measure to decrease the impact of the recent crisis with Bitcoin, some have even described it as ETFs replacement for a short time. However, Barry Eichengreen, a professor of Economics UC Berkeley has said that stablecoins are not the way to fix the problem.

Despite digital currencies being backed by another currency, the US dollar, or anything that has value (even gold), they are used for everyday transactions due to their worldwide usability, low volatility and that Stablecoins aren’t owned by a central bank.

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Источник: cryptodaily.co.uk

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