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Stablecoins are a shaky proposition for investors: Here's what you need to know
Stablecoin, the purportedly "safer" version of cryptocurrency, is having its moment. On the heels of the GENIUS Act, which Congress passed last July, the value of all stablecoins is now more than $300 billion - roughly 7% of all crypto in circulation. Stablecoin's run is even more impressive given that its stability is overrated. Safety and security as an asset vary widely by issuer, and stablecoins offer little benefit to crypto investors and almost nothing to non-crypto investors. Because stablecoins now have a rough regulatory framework and crypto is in a hot phase, it's no surprise that investors are taking a ... (full story)
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