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Stablecoins provide an alternative to highly volatile crypto peers. Central Bank Digital Currencies may nevertheless signal the end of the crypto explosion.
This is the fourth and last article in FNArena’s series on bitcoin and the world of digital money. Links to the first three parts are available below.
-Stablecoins: the answer to crypto volatility?
-Facebook to create a new global reserve currency?
-Central banks fight back
By Greg Peel
“Cryptocurrencies such as bitcoin and ether offer a number of benefits, and one of the most fundamental is not requiring trust in an intermediary institution to send payments, which opens up their use to anyone around the globe,” notes crypto news and data service CoinDesk. “But one key drawback is that cryptocurrencies’ prices are unpredictable and have a tendency to fluctuate, often wildly”.