Bitcoin's successor? More consistent values might make 'stablecoins' a safer cryptocurrency option

Paul, Greig (2018) Bitcoin's successor? More consistent values might make 'stablecoins' a safer cryptocurrency option. The Conversation.

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    Abstract

    Bitcoin has plunged from a high of almost US$20,000 in December 2017 to as low as US$3,675. So it’s understandable that some cryptocurrency users might be looking for more stability. With the future of Bitcoin and other cryptocurrencies uncertain, a possible new solution known as “stablecoins” has emerged. This cryptocurrency aims to hold its value better than others, which could offer investors more stability.