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Stablecoins backed by national currencies

Oct 13, 2019 ⋅  5 min read

Digital forms of money are already coming to dominate the international payment system with apps like Venmo in the U.S. or WeChat pay in China. We're now seeing new alternatives arise in blockchain based systems that promise to offer a more open version of the fiat currency we're accustomed to using. With players such as Facebook coming into this space, there are also significant macro economic implications particularly if the stablecoin is backed by a basket of fiat currencies.

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