Inside The Controversial Stablecoin Craze [Forbes]
Overstock.com, Inc. (OSTK)
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Source: Forbes
A statue of Albert Gallatin, former U.S. Treasury secretary, stands outside the U.S. Treasury building in Washington, D.C., U.S., Photographer: Andrew Harrer/Bloomberg © 2018 Bloomberg Finance LP Without a doubt, much of 2018 has been a roller coaster year for cryptocurrency with the last several months actually resembling the forceful, downward trajectory of the log flume rides found at most amusement parks more than anything else. Yet during this turmoil, there’s been a rising fervor around stablecoins, the hybrid digital currency touted as crypto’s more sensible, clean-cut brother that offers all the promise of an envisioned new digital currency world backed by the reliability of the old school tradition. But what's behind such a trend, and could it truly have legs for 2019 and beyond? Mom, What's A Stablecoin? So, the Argon Group, an investment bank with a focus on digital finance, wrote a pretty clear definition of stablecoins not long ago in a post o
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