Binance stablecoin

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    Innovative cryptocurrency trading company Binance has recently begun experimenting with a new stablecoin that will have its value fixed to that of the British pound.

    A stablecoin is a type of cryptocurrency that is intended to avoid the massive changes in price that most other cryptocurrencies suffer from. Most stablecoins are fixed at the value of a national currency.

    However, there are some that are fixed to the value of other cryptocurrencies.

    Answered on August 8, 2019.
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