Are Stablecoins Viable? One Berkeley Professor Says No


stablecoins

Stablecoins are becoming popular. There’s no denying it; a number have hit the market this year. In fact, just yesterday, the Winklevoss twins announced the Gemini Dollar—the first-ever regulated stablecoin.

Not to mention Carbon launched CarbonUSD, a US dollar backed stablecoin, today.

And yet, despite the crypto market displaying optimism around the latest trend in the industry, one Berkeley Professor provided an alternative view.

He said there is no indication that stablecoins are viable.

Berkeley Professor Talks Stablecoins

Stablecoins are cryptocurrencies pegged to a stable asset. That’s as simple as …

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