Hangzhou‐backed Blockchain Fund Targets Roll‐out of Japanese Yen‐pegged Stablecoin | CoinSpeaker

Оригинал: https://www.coinspeaker.com/2018/09/18/hangzhou-backed-blockchain-fund-targets-roll-out-of-japanese-yen-pegged-stablecoin/

The prominent future behind the blockchain technology has encourage the government of the Chinese city of Hangzhou to finance a yen‐backed stablecoin project.

When it comes to a cryptocurrency the first things arising in mind are major price swings and high investment risk caused by an overall uncertainty that reigns at the market. Actually the reason for such a drastic volatility is quite obviously: unlike the fiat currencies, which prices are backed by real physical assets, the market value of most digital coins remains a secret for everyone except limited amount of people somehow familiar with the coin background.

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