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Evening Standard
Evening Standard
Business
Mark Hooson

DARK SECRETS: What are stablecoins - The Real Truth

Stablecoins such as USD Coin (USDC) and Tether (USDT) were created as a less volatile alternative to bitcoin (BTC)and other cryptocurrencies.

Stablecoins are a bridge between cryptocurrencies and fiat currencies (such as Sterling and the US Dollar), theoretically offering decentralisation and (relative to cryptocurrencies generally) stability.

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