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The United States Congress recently made an attempt to create a legislative framework for the increasingly popular stablecoins.

  • Stablecoins are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument.
  • Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC).
  • Unlike cryptocurrencies like Bitcoin, stablecoins’ prices remain steady, in accordance with whichever fiat currency backs them.
  • Stablecoin are open, global, and accessible to anyone on the internet.
  • They’re fast, cheap and secure to transmit.


  • Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds.
  • These currencies operate independently of a central bank.
  • The economic transactions underlying cryptocurrency are decentralized, distributed and disbursed.
  • The first and most famous cryptocurrency, bitcoin was introduced in 2009.