Can Stablecoins Truly Offer Economic Stability and Predictability in an Age of Uncertainty?
Beneath all the related hype surrounding blockchain technology exists real substance in the industry’s groundbreaking applications that impact our understanding of modern economics. One of those concepts is the trending stablecoin. Stablecoins, such as Tether, US Dollar Coin, or the newly minted JP Morgan Coin, are designed to function, as their names imply, like a digital currency pegged to a stable asset such as the US Dollar or to a commodity such as gold. In theory, this promises to encourage greater mainstream adoption of digital currencies if they are backed by real-world assets as it circumvents the issues of price
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