Paul Financial Consulting
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There are certainly a lot of merits to adopting this approach, which would iron out some inefficiencies with the existing cryptocurrency offerings. Firstly, it addresses the problem of volatility — as it stands, the use of digital moneys as a means of exchange or store of value is difficult to rationalise, with daily price swings making this sort of application unwise. Secondly, it ‘anchors’ the value of these tokens — some would put forth the criticism that the crypto market cap is hugely overvalued, given that the vast majority of tokens and cryptocurrencies are backed by nothing.
