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    Stablecoin

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    Categories: Blockchain

    A cryptocurrency that has a fixed peg to a stable asset, such as fiat currency or gold. Tether (USDT) is a stablecoin that is fixed to the US dollar, such that each stable coin has a value of $1.00. Theoretically, the circulating supply of the stablecoin should be back by an equivalent value of the asset, held in reserve, to which is is pegged.

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    Justin Chan
    Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.