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Stablecoins Won’t Fix Bitcoin’s Instability: Berkeley Prof.

Stablecoins Won’t Fix Bitcoin’s Instability: Berkeley Prof.

Prof. Barry Eichengreen, an economics professor at UC Berkeley, in an op-ed published in The Guardian, said he believes stablecoins such as tether (USDT) might be stable in value and attractive as units of account, but they are flawed. His piece comes on the heels of the launch of the Gemini dollar (GUSD) by the Winklevoss twins.


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