According to the data provider CryptoQuant, the stablecoin holdings on exchanges have reached a peak of $4.98 billion on 30 January.
The Ergo Foundation, EMURGO, and IOHK have announced AgeUSD, a stablecoin protocol based on the Ergo blockchain. According to Roman Pellerin, the CTO of IOHK, the crypto-backed algorithmic stablecoin will also be available on Cardano once its smart contract functionality is unlocked.
It is a sign of our industry’s youth that we routinely fail to provide a coherent descriptive definition of a stablecoin.
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