Stablecoins anchor their price to an external asset, usually to a government-issued fiat currency, and allow cheaper and faster transactions using blockchain technology. Despite its growing adoption in developing countries, U.S. dollar-denominated stablecoins dominate the market, representing roughly 99% of the combined supply, according to CoinGecko data.
Related posts
-
Binance Raises Compliance Staff by 34% to Meet Demands of Crypto Industry
Binance expands its compliance team to meet the growing... -
UK to Draft a Regulatory Framework for Crypto, Stablecoins Early Next Year
The U.K.’s long awaited crypto rules are coming. Source Spread the love -
Microstrategy Completes $3B Debt Offering to Expand Bitcoin Holdings; Shares Drop 16%
Microstrategy has finalized a $3 billion convertible note offering, further bolstering its position as a leading...