Fiat-Pegged Stablecoins as a Stepping Stone to the Next-Generation Global Currency

Fiat-Pegged Stablecoins as a Stepping Stone to the Next-Generation Global Currency

There is no question that stablecoins are making waves in the sea of cryptocurrencies. Binance research backs up this general sentiment, showing a rise in stablecoin popularity and trading pair usage in 2019. At the moment, fiat-backed stablecoins are flooding the market as a natural transition from our global fiat-driven economy; however, it’s only a matter of time before fiat-backed stablecoins are replaced with algorithmic coins that are better able to retain purchasing power over time.