What Is a Stablecoin?

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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.


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