News Commentary #1,617 – DollarBill | Cryptocurrency Mainstream And Stablecoins..?!

DollarBill (reviewed here) platform came with news from the Crypto industry, BUT as we do understand this industry more and more step by step starts affecting as Hyip industry so the traditional economic sphere. So it’s useful for all of us sometimes to pay attention on what’s going on out of hyips too…

Check out below:

Stablecoins will have to reflect and evolve to live up to their name

In the case of stablecoins, unfortunately, the name is so far a misnomer. The fact that stablecoins are pegged to a “real” asset does not equate to stability. Traditional underlying assets are not exempt from market fluctuations, and with the majority of stablecoins pegged to fiat, they can be just as unstable.

At risk of confusing metaphors, stability is the currency of the day. Markets are volatile, debt levels are high and inflation is spiraling following the COVID-19 pandemic and ongoing supply chain problems. The cryptocurrency markets have benefitted as investors have searched for alternative stores of wealth. But, prices continue to see-saw up and down unpredictably.

In search of a solution to volatility, the crypto community has gravitated toward stablecoins for the perceived stability afforded by their fixed relative valuation.

 

——-

 

Bitcoin boom leaves gun-shy advisors struggling to provide crypto guidance to clients

Cryptocurrency’s breakthrough from the financial fringes to the mainstream has been characterized by major investors like Paul Tudor Jones — and some companies like Microstrategy (MSTR) and Tesla (TSLA) — dipping their toes into Bitcoin (BTC-USD). Even Apple (AAPL) CEO Tim Cook is getting in on the action.

Yet some financial advisors and wealth managers appear to be struggling over how to adapt to the new era, in a sector defined by head-spinning price action, still-evolving regulation, and rising fraud.

A recent survey from fintech company eMoney Advisor found about 38% of U.S. respondents say their investments are managed by a financial advisor, and that 43% said they invest in cryptocurrencies. The data underscore how less than half are handling out digital token advice, even as the sector becomes an increasingly hot topic in retail and institutional investing.

Check other news for today and Please stand by..

*********************************

If one of the paying programs on our Monitor appeals to you, please support EmilyNews by registering for it on our website. Thanks very very much!

EN web Support Chat | Hyips and Crypto questions – HyipChatEN

Telegram Chat for Crypto and Hyip reports: @HyipChatEN

*********************************

Be the first to get most important HYIP news everyday!
Simply Follow EN Facebook, EN Telegram, EN Twitter
or Subscribe to EN Feedburner and submit your email address!

If you like this article and want to support EN – please share it by using at least few of social media buttons below. Thanks and See you tomorrow!