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This discrepancy could have several explanations. Hoping for higher returns, investors may be rotating out stablecoins and into appreciating market leaders Bitcoin and Ether, according to Jacob Joseph, a research analyst at CCData. Stablecoins dont pay interest and usually seek to maintain a one-to-one ratio with other assets such as the dollar, hence their name. ....
TrueUSD, a relatively obscure stablecoin that’s been gaining in popularity since signing a lucrative deal with crypto exchange Binance Holdings Ltd. earlier this year, will be fully controlled by its owners after a management deal ended. ....
Jon Wolfenbarger, however, underlined that BRICS still has a long way to go and has to jump several hurdles if it is seriously considering taking on the US dollar by issuing a new currency. ....