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

in altcoins •  2 months 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:

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

This user is on the @buildawhale blacklist for one or more of the following reasons:

  • Spam
  • Plagiarism
  • Scam or Fraud