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European Central Bank Policymaker Backs Stablecoins over Bitcoin

European Central Bank policymaker Francois Villeroy de Galhau believes that stablecoins can play an important role in the financial system as they aren’t as volatile as Bitcoin and other cryptocurrencies, reported Bloomberg, May 15, 2019. What’s Not Understood is Often Feared In the past seven days, Bitcoin’s price has reached from $5,000

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Reserve CEO Predicts Central Banks Will Tokenize, Still Room for Stablecoins

CEO Nevin Freeman of stablecoin startup Reserve predicts that central banks will tokenize their currency at some point, but stablecoins will likely still have an advantage in offering privacy.Freeman delivered his remarks at the Consensus 2019 panel “The End of Volatility? Stablecoins on the Rise” on May 15.During the

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Payment Processor Wirex Partners With Stellar, Plans to Launch 26 Stablecoins

United Kingdom-based cryptocurrency payment processor Wirex partnered with Stellar (XLM), the company announced in a press release on their website on April 24.Wirex is a company licensed by the U.K. Financial Conduct Authority (FCA) that allows crypto users to spend their cryptocurrencies with a dedicated Visa card, with a

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EToro Blockchain Division Launches Crypto Exchange for Pro Traders, Issues 8 Stablecoins

The blockchain division of global social trading platform eToro has launched a cryptocurrency exchange for pro traders, a press release shared with Cointelegraph on Tuesday, April 16, states.EToroX claims to be a secure a secure and fully regulated trading venue. As for now, the platform offers 37 trading pairs,

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Why Binance, the World’s Biggest Crypto Exchange, Is Enthusiastic About Stablecoins

Binance has unveiled a series of new products and features relating to stablecoins — with the world’s largest cryptocurrency exchange describing these digital assets as “an efficient fiat gateway into crypto.”Stablecoins are often pegged with a fiat currency, meaning one unit can equate directly to 1 euro or $1.

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