What Is a Stablecoin?


Initially, the Diem Association, the consortium established by Facebook, stated Diem would be backed by a “basket” of currencies, consisting of the U.S. dollar and the euro. But due to worldwide regulative issues, the association has actually given that withdrawed from its enthusiastic initial vision. Instead, it is now preparing to concentrate on establishing several stablecoins, each backed by a different nationwide currency.


Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Want To Stay Updated On the Latest Crypto News? Get the all the important news in Crypto, NFTs & all things Metaverse Instantly! No Yes