LONDON — Some are backed by dollars. Others by gold. But this “stablecoin” isn’t tied to any major asset – it’s backed by another cryptocurrency. Stablecoins, such as Facebook’s Libra, are a new breed of cryptocurrencies that aim to escape the wild price swings that make bitcoin unworkable for commerce. They base their value on […]
source https://www.newsmerit.com/tech-news/crypto-backed-by-crypto-dai-seeks-to-change-stablecoin-game/
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