Bitcoin’s volatility has limited its adoption for payments, so entrepreneurs created stablecoins: cryptocurrencies pegged to assets such as the U.S. dollar. But the recent settlement of a probe into the most popular stablecoin, tether, shows the need for transparency in the growing industry. Photo illustration: Sharon Shi/WSJ
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Visit WSJ.com: http://www.wsj.com
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Francisco Gimeno - BC Analyst Stablecoins seem to be a good idea, until you discover the business practices of some of them already launched. What happened to Tether signs what is clearer now. Good business practices are necessary to be successful long term, otherwise we are already in need of a new generation of cryptos.