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Cutting-Edge Crypto Coins Tout Stability. Critics Call Them Dangerous.

April 18, 2022
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Cutting-Edge Crypto Coins Tout Stability. Critics Call Them Dangerous.
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Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

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A new breed of cryptocurrencies is seeking to replicate the stability of the dollar. But critics say they are a disaster waiting to happen.

So-called “algorithmic stablecoins” have surged in popularity in recent months, spurring debate over whether they are good for the crypto industry. They are the edgy upstart sibling of conventional stablecoins—digital currencies that seek to maintain a one-to-one relationship with a traditional currency, usually the dollar. 

Tags: bankingBanking/CreditcreditcryptocurrenciesDo KwonFinancial ServicesFinancial TechnologyRyan ClementssyndTechnologyvirtual currenciesVirtual Currencies/CryptocurrenciesWSJ-PRO-WSJ.com
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