Stablecoins are becoming the next hot trend in the world of crypto assets, but it is possible they are also the next bubble, skeptics point out. After a recent report by Blockchain revealed that there may be up to 57 stablecoins coming, more scrutiny is pointed to the different varieties of mostly dollar-pegged assets.
As of September 2018, three fully legalized, institutionally-backed digital assets have become active: Gemini Dollar (GUSD), Paxos (PAX), and most recently, USDC by Circle, which started trading on Poloniex on September 27.
WhalePanda believes stablecoins will have a negative effect on the crypto community:
https://twitter.com/WhalePanda/status/1044938319510089729
For fully backed, legalized stablecoins, the biggest problem is they comply with banking requirements, in effect completely reversing the po...
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