Wednesday, April 24, 2024
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All risk, no gain? The vague definition of stablecoins is causing problems

Sometimes, “stablecoins” and variants such as “algorithmic stablecoins” function like historical names, as they refer to projects that call themselves stablecoins, such as Basis Cash, Elastic Set Dollar, Frax and their clones.The word "stablecoin" can be used as a logical description for “a cryptocurrency designed to have low price volatility”

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