Minting a Stable “Anchor” for the Crypto World
Journalist Michael Scott reviews Anchor in the Blockchain Beach with an interview with our CCO, Olya Moskalenko. The article discusses the growing interest in cryptocurrencies, but also the problems users face in regards to price swings and market fluctuations that fiat-pegged stablecoins are vulnerable to. Due to those vulnerabilities, stablecoins have appeared with the promise to tackle the issue of volatility. Unfortunately, despite the benefits they offer, fiat-pegged stablecoins are also dealing with market fluctuations and value depreciation. The two most widely used stablecoins are Tether and Gemini, but both being fiat-pegged, they are liable to value depreciation, inflation and many other difficulties real-world assets face. For that reason, a new stablecoin has come on the scene as an alternative to fiat-pegged coins. It is an algorithmic stablecoin named Anchor, which is pegged to global economic growth and ensures stability regardless of factors like market fluctuations, or economic recessions. If you want to dive deeper into Anchor, you should not skip this article.
Title photo by Thomas Breher, Pixabay.