The emerging hybrid class of Stablecoins to combat inflation
A truly stable currency would maintain its purchasing power over time.
Most of the world’s fiat currencies are prone to inflation. When price increases are passed on to consumers, their purchasing power decreases. They must look for better investments in order to keep their savings from losing their value because of today’s record-setting inflation rate.
Some may argue that cryptocurrencies can be used to help counteract hyperinflation. However, few…