Two players in the domestic crypto scene are partnering up to try and launch Australia’s first stable coin — a cryptocurrency backed by the Aussie dollar. The project is a joint initiative between Emparta, a blockchain employment platform, and domestic crypto exchange Bit Trade. Advocates of stable coins say they offer the positive aspects of cryptocurrency — such as improved transaction speed — without the underlying volatility. The lack of volatility is because stable coins are pegged to traditional fiat currencies, so they don’t experience the wild price swings often seen in crypto markets. The most well known — ... (full story)