Stablecoins: Why This Hot Cryptocurrency Faces Challenges

13 Views· 06 August 2022

Stablecoins: Why This Hot Cryptocurrency Faces Challenges | WSJ

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Bitcoin’s volatility has limited its adoption for payments, so entrepreneurs created stablecoins: cryptocurrencies pegged to assets such as the U.S. dollar. But the recent settlement of a probe into the most popular stablecoin, tether, shows the need for transparency in the growing industry. Photo illustration: Sharon Shi/WSJ

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