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Digital currencies: Stablecoins safer than cryptocurrencies
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financialexpress.comBy Moinak Maiti & Parthajit Kayal
SEVERAL Studies on digital currencies have been done in the last few years. When one says digital currencies, certainly cryptocurrency pops up in our mind first. However, the concept of digital currencies is not new. One can trace back its presence since the end of the 1980s in the form of DigiCash and e-gold. Recently, along with cryptocurrency, there is a significant rise in the circulation of stablecoins.
So, are they different from cryptocurrency?You know that cryptocurrencies are digital currencies that are secured by cryptography, and highly speculative. On the other hand, stablecoins are a type of cryptocurrency that is less speculative.
What is stablecoins? Stablecoins are a special class of
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