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BMA issues digital asset business guidance Royal Gazette19:15 14-Jun-24
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17 Jun 21:28

About our Stablecoins news

Latest news on stablecoins, a type of cryptocurrency that is pegged to the value of a fiat currency, such as the US dollar, or to a commodity, such as gold. The goal of a stablecoin is to reduce the volatility that is commonly associated with cryptocurrencies, making them more useful as a medium of exchange and a store of value. There are several types of stablecoins, including those that are backed by assets such as cash or gold, and those that are algorithmically stabilised through mechanisms such as seigniorage shares. The most popular stablecoin is Tether, which is pegged to the US dollar.

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