USD backed Cryptos – An overview

3 min read

The widespread acceptance & adoption of Cryptocurrencies has led the Central banks around the world into mulling over the advantages of issuing the digital counterparts of their fiat currencies. The main contention that the financial authorities have with the existing Cryptos is the volatile & unpredictable price movements which can’t be associated with a fiat currency which acts as a store of value. The central banks are still mulling over issuing their own digital coins in their respective jurisdictions to replace the existing fiat currencies, but they have certainly been hastened to find other alternatives since the rapid adoption of…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.

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