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Stablecoin: Just What the Ethereum "Doctor" Ordered

Cryptocurrencies backed by stable fiat currencies, like the U.S. dollar, made huge waves earlier this summer. They're called "stablecoins," and they're a way to potentially blunt the notorious volatility of cryptocurrencies - an issue that profoundly affects the viability of using crypto as an "everyday" medium of exchange. You wouldn't want to draw a paycheck in crypto, for instance, or even buy a gallon of milk with it, because the value gyrates wildly almost by the hour. Stablecoins make an end run around that problem. Even better, they provide a way for regular investors to hop in and out of crypto positions with little "friction" and take full advantage of the "good stuff" cryptos have to offer: international acceptance, ease of use, security, and privacy. They're outrageously popular, too. For a time this summer, before its well-publicized troubles, Tether did more daily volume than the greenback. Now stablecoins are coming back - the right way. And they're doing it all aboveboard, in the light of day, with some serious backing and the OK of U.S. regulators. That's great news for folks who want to invest or use more crypto in their day-to-day. But it could be even better news for folks holding one coin in particular... Tags: Currencies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Stablecoin: Just What the Ethereum "Doctor" Ordered appeared first on Money Morning - We Make Investing Profitable .
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