The next generation of Stable coins is here…

3 min read

The pace of newer stable coins entering the digital assets’ market has picked up this year even though new scalable solutions continue to emerge for the Blockchain networks and the Cryptocurrencies volatility tracks an all-time low. For those of you who are new to the concept, stable coins act as a store of value since they are backed by fiat currencies (1:1), most notably to the U.S dollar. The peg also addresses the problem of volatility for which Cryptocurrencies have been traditionally criticized. The oldest stable coin Tether (USDT), however, has been embroiled in a spiral of never-ending controversies. Tether…...

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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.