Fact Check Team: Stablecoins gain traction as US lawmakers push for regulation
A quiet revolution is unfolding in the cryptocurrency world, and it's not about Bitcoin or Ethereum. The focus is on stablecoins, a type of cryptocurrency pegged to a specific reserve asset, often the U.S. dollar, which allows them to maintain a steadier value. According to the World Economic Forum, stablecoins are essentially digital dollars designed to stay steady, unlike cryptocurrencies that spike or plummet in value like Bitcoin or Dogecoin. Last year, stablecoins facilitated $15.6...
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