{"id":8029,"date":"2022-09-26T18:52:49","date_gmt":"2022-09-26T18:52:49","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=8029"},"modified":"2022-09-26T18:52:49","modified_gmt":"2022-09-26T18:52:49","slug":"what-is-a-stablecoin","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/09\/26\/what-is-a-stablecoin\/","title":{"rendered":"Introduction"},"content":{"rendered":"\n<p>One of the main arguments raised by cryptocurrencies skeptics is that they are way too volatile to fulfil what we have learned is a key function of money. Acting as a&nbsp;<strong><em>medium of exchange<\/em><\/strong>&nbsp;to buy and sell things, and a&nbsp;<em><strong>unit of account<\/strong><\/em>&nbsp;&#8211; a benchmark for pricing. That\u2019s exactly where Stablecoins come in.<\/p>\n\n\n\n<p>Stablecoins combine the best of both worlds. The stability of fiat with&nbsp; the borderless, peer-to-peer nature of cryptocurrencies and full transparency over their supply.<br><br>This combination puts Stablecoins in the unique position of creating a bridge between cryptocurrencies and the traditional economy.<\/p>\n\n\n\n<p>Borrowing elements of Stablecoin design, several countries, through their central banks, are planning to create&nbsp; digital versions of their currencies called Central Bank Digital Currencies.<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>CBDCs are no panacea for the ills of Fiat Money,\n as they will inherit the main weakness of their\n analogue versions - the absence of any cap on supply.<\/code><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>One of the main arguments raised by cryptocurrencies skeptics is that they are way too volatile to fulfil what we have learned is a key function of money. Acting as a&nbsp;medium of exchange&nbsp;to buy and sell things, and a&nbsp;unit of account&nbsp;&#8211; a benchmark for pricing. That\u2019s exactly where Stablecoins come in. Stablecoins combine the best [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[394],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8029"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=8029"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8029\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=8029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=8029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=8029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}