“There is nothing stable in the world; uproar’s your only music” – John Keats It’s no secret that cryptocurrencies are volatile. With violent price swings being a frequent occurrence with this asset class during the last few years, crypto has earned a reputation for delivering spectacular gains and dramatic losses to investors. Indeed, between 2016 and 2017, the American Institute for Economic Research found that Bitcoin’s average daily price change was over 6 times greater than the average of three benchmark currencies – the pound, the euro, the yen, and gold. Partly in response to this environment of unmanageable volatility,…...
Stablecoins – the good, the bad and the bizarre
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