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Saga Stablecoin Goes Live Backed By Basket of Fiat Currencies

Its value will rely solely on the “basket of national currencies” whose collective worth backs up SGA’s list price. Meant to mimic the International Monetary Fund’s Special Drawing Rights, a currency-like reserve asset pegged to the dollar, euro, renminbi, pound sterling and yen, this “basket” will ensure SGA’s stable price. Source

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XBT Provider Admits Knowledge Gaps as It Postpones Launch Of Cryptocurrency Basket

Swedish Bitcoin (BTC) exchange-traded note (ETN) operator XBT Provider has shelved plans to offer altcoin products due to market volatility, Bloomberg reported on Feb. 13.Speaking to the publication, XBT’s CEO Laurent Kssis revealed the company did not have an understanding of Bitcoin hard forks and related phenomena when Swedish regulators

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Crypto Interest Rises As Argentine Peso Collapses, Joins Venezuela As Monetary Policy Basket Case

Crypto Interest Rises As Argentine Peso Collapses, Joins Venezuela As Monetary Policy Basket Case September 4, 2018 by Paul de Havilland As the Argentine peso collapses, locals are turning to crypto. Having lost 50 percent of its value against the U.S. dollar this year, the peso continues to slide. Evidence suggests

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