đź’° Crypto investors crazy for stablecoins
Funding for “stablecoin” startups — cryptocurrencies designed to maintain a fixed price — has skyrocketed in 2018, with investors shelling out more than $500 million (6/30/2018) to these projects, up from less than $10 million (1/21/2018), according to fintech research firm Autonomous NEXT. Investors and entrepreneurs see stablecoins as a way to solve one of the biggest roadblocks to cryptocurrencies’ adoption: volatility.
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