Could This USD-Collateralized Stablecoin Finally Replace Tether?

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Could This USD-Collateralized Stablecoin Finally Replace Tether?

Post by GameOfCoins » Sat Apr 07, 2018 1:06 pm

"One of the most common complaints lodged against cryptocurrencies has been that they do not have price stability, and so cannot be used as currencies. After all, who wants a dollar that’s worth $0.50 tomorrow and $1.50 the day after that? This limits overall use cases of cryptocurrencies when prices of goods and services are measured through to fiat currencies.

In order to solve these problems with price stability, many in the blockchain community have sought out a “stablecoin” as the answer. A stablecoin utilizes one of several tactics or strategies to try to limit price volatility, ideally at one constant price.

The three major approaches so far have been to peg the token value to fiat currencies, to collateralize the token with a variety of cryptocurrencies, or simply control the token value with a pricing algorithm. From a regulatory perspective, the most difficult to create is a fiat-collateralized cryptocurrency." ... ce-tether/

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