After Gemini Dollar [GUSD], an economist from UC Berkeley tells why stable coins may not be the cure

in altcoins •  9 days ago

The second type is a partially-collateralized stable coin wherein the value of one dollar is supposedly placed at 50% of the value of the coin in circulation. When the investor decides to sell the holdings, the operator supports the price of the cryptocurrency by purchasing it from its dollar reserve.

Read More: http://read.cryptobeanie.com/article/after-gemini-dollar-gusd-an-economist-from-uc-berkeley-tells-why-stable-coins-may-not-be-the-cure/3408

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