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 .
Facebook’s David Marcus Assures Congress That Libra Will Cooperate
Facebook’s David Marcus has written a letter to Maxine Waters and other committee members to address their concerns.
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