Stablecoins and the Stability Misnomer

In the beginning, there was Bitcoin. Purists will tell you otherwise, but there’s no denying that for most, it’s the first cryptocurrency that comes to mind when one thinks of the word. Since Bitcoin, multiple iterations of cryptocurrencies have emerged, each promising to fulfil a need greater and more urgent than the last. And since Bitcoin, the world has seen the rise of a euphoric bubble of mainstream attention and accompanying price action, as well as the later bursting of said bubble.

Which leads us to today.

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