Great article about Stablecoins
Steemit gets mentioned
And Bitshares too. It might be worth reading.
Next hyped thing?
So be on the outlook for coming events. Hopefully Steem Smart Media Tokens will also have this as a possible setting. Creating StableCoin SMTs by algorithm, like bitEuro, bitUSD, bitGold, bitSilver and so on, at Bitshares. Which seem to be quit stable indeed.
There is a risk though that it loses the one on one stable connection with things like the Euro, Dollar or Silver and Gold. As we have seen with the Steem Backed Dollar {SBD}. But I guess it will be the next hot topic in the Cryptos realm.
If you want to read more about Stablecoins, then there's a good article about it by Jimmy Song:
https://medium.com/@jimmysong/stablecoins-what-you-need-to-know-cb0bbf211864
What is the future of SBD. Thank you for mentioning the article.
My pleasure to share the link.
SBD is probably going to be a future stablecoin algorithm example for the Smart Media Tokens. At least I could see it to be so.
rather elementary really )
I would recommend this one, also SBD isn't mentioned
https://multicoin.capital/2018/01/17/an-overview-of-stablecoins/#
Thank you for the link, I will have a look at it.