Fiat-Pegged Stablecoins as a Stepping Stone to the Next-Generation Global Currency
Op-ed by: Daniel Popa, Anchor CEO
Published In: Hackernoon Newsletter
Date: September 28, 2019
Read the original article here.
Although cryptocurrencies have appeared as a positive alternative for centralized systems, they still do not offer long-term stability. Even fiat-pegged stablecoins cannot remain stable permanently since their value peg is unavoidably depreciating over time. Anchor CEO Daniel Popa explains why people should turn to algorithmic stablecoins that can preserve purchasing power and maintain a stable store of value.
Title photo by Josh Appel, Unsplash.