Winklevoss Twins Launch Stable Coin, Receive Green Light from Regulator | NewsBTC

September 11, 2018

The Gemini dollar has been built on the Ethereum network. According to CNBC, the pair are hoping that the new coin will help to bridge the gap between digital assets and traditional banking. It will allow users to convert U.S. dollars to the new Gemini dollars in order to move value quickly, and transparency around the world. Tyler Winklevoss spoke to the publication in a telephone interview:

“It is really a matter of bringing your U.S. dollars on to the blockchain and making them borderless 24/7.”

Source: Winklevoss Twins Launch Stable Coin, Receive Green Light from Regulator | NewsBTC, Rick D. | September 10, 2018

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Stability In Volatile Markets: What You Need To Know About Stable Coins

September 11, 2018

Forget supply and demand. Unlike traditional cryptocurrencies, stable coins are concerned with achieving a fixed price. “Stable coins are trying to strike the balance of not being dependent on a central bank, while also securing price stability,” said Brigitte Luginbuhl, CEO of SwissRealCoin

Source: Stability In Volatile Markets: What You Need To Know About Stable Coins., Andrew Rossow, Sep 7, 2018

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Stablecoins: designing a price-stable cryptocurrency | Hackernoon

August 29, 2018

A useful currency should be a medium of exchange, a unit of account, and a store of value. Cryptocurrencies excel at the first, but as a store of value or unit of account, they’re pretty bad. You cannot be an effective store of value if your price fluctuates by 20% on a normal day.

This is where stablecoins come in. Stablecoins are price-stable cryptocurrencies, meaning the market price of a stablecoin is pegged to another stable asset, like the US dollar.

Source: Stablecoins: designing a price-stable cryptocurrency, Haseeb Qureshi, February 19, 2018

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