Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some “stable” asset or basket of assets.
Stablecoins redeemable in currency, commodities, or fiat money are said to be backed, whereas those tied to an algorithm are referred to as seigniorage-style .
The SEC Is Targeting Paxos and (Surprisingly) It’s Beneficial for Bitcoin
While the largest cryptocurrency has not been a direct focus for regulators, bitcoiners should not become cheerleaders.
Read more "The SEC Is Targeting Paxos and (Surprisingly) It’s Beneficial for Bitcoin"
