Critics see risk in ‘algorithmic’ stablecoins ...Middle East

A new type of digital asset called an algorithmic stablecoin is gaining steam among crypto-enthusiasts — and drawing steam among critics, who warn its risks are in plain sight. Algorithmic stablecoins use market incentives, controlled by the algorithms that give the cryptocurrency its name, to maintain a stable price against a currency such as the dollar, rather than backing […] The post Critics see risk in ‘algorithmic’ stablecoins appeared first on Roll Call.

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