Bitcoin : Bitcoin vs Stablecoins
It seems every day a new stablecoin is announced. It seems to be the new thing trying to challenge USDT. I think theses ‘stable’ coins won’t be so stable after all. Many of them will turn out to be scams and others will face serious difficulties. There will be an active market valuing them based on their risks. They value be measured against how much BTC you can buy with them and not their dollar value ironically. Slowly people will realize that BTC is the unit of account against which all other crypto coins (already the case), all stable coins, and ultimately all inflating fiat currencies will be measured. Interesting times.
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: binarygold
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