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International Business Times
International Business Times
Business

BIZARRE: Why stablecoins are gaining popularity - You Need To See This

Tether is a stablecoin pegged to the dollar (Credit: AFP)

Stablecoins -- a form of cryptocurrency backed by traditional assets -- are gaining traction, with the US Senate set to vote Tuesday on a bill to regulate such digital tokens.

But as stablecoins move closer to the financial mainstream, experts warn that weak regulation could leave investors and the financial system vulnerable.

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