OKCoin to Issue Chinese Yuan-Backed Crypto – Are There Too Many Stablecoins?

Source: Altcoin Today, originally published on .

http://altcointoday.com/okcoin-to-issue-chinese-yuan-backed-crypto-are-there-too-many-stablecoins/.

OKCoin to Issue Chinese Yuan-Backed Crypto – Are There Too Many Stablecoins? In spite of depressed prices and an absence of liquidity and volume in the crypto market, stablecoins, cryptocurrencies tied to the value of a non-volatile asset, have become the flavor of the month. OKCoin Founder Star Xu Announces Chinese Yuan-Backed Crypto OKGroup founder…

The post OKCoin to Issue Chinese Yuan-Backed Crypto – Are There Too Many Stablecoins? appeared first on Altcoin Today.

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