Category: Stablecoins

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The Central Bank of Montenegro to Pilot CBDC with Ripple

The Central Bank of Montenegro announced its plans to initiate a pilot program with Ripple, an enterprise crypto and blockchain solutions provider, to develop a Central Bank Digital Currency (CBDC) or national stablecoin. Ripple will work with Montenegro to develop a strategy, identify applications of a CBDC, and simulate the currency’s circulation.

Central Bank

Stablecoins

By Elizabeth Morrison

Published:April 11, 2023

1 min read

Algorithmic Stablecoin

What is the definition of an algorithmic stablecoin?In order to understand how algorithmic stablecoins are supposed to work, it’s important to know the definition and role of a stablecoin. Briefly, a stablecoin is a type of cryptocurrency that remains stable in its value relative to a fiat currency such as the US dollar. The value of one unit of stablecoin is therefore said to be “pegged” to one unit of the associated fiat currency. As examples, each unit of the stablecoins USD Coin (USDC) and T...

Stablecoins Tokenomics

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