“Stablecoins” are trending, but they may ignore basic economics

Spend enough time investing in (or reading about) the cryptocurrency world, and it’s easy to become a bit jaded about the wild, unpredictable price swings that seem to come with the territory. But it doesn’t necessarily have to be this way, say some blockchain developers. The trick, they argue, is to peg the price of a crypto-token to that of a fiat currency like the US dollar.

Read More Here: https://www.technologyreview.com/s/611370/stablecoins-are-trending-but-they-may-ignore-basic-economics/