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Cutting-edge crypto coins tout stability. Critics call them dangerous.

A new generation of cryptocurrencies is trying to replicate the stability of the dollar. But critics say they’re a disaster waiting to happen.

So-called “algorithmic stablecoins” have surged in popularity over the past few months, sparking debate over whether they are good for the crypto industry. They’re the fancy siblings of conventional stablecoins — digital currencies that try to maintain a one-to-one relationship with a traditional currency, usually the dollar.

https://www.wsj.com/articles/cutting-edge-crypto-coins-tout-stability-critics-call-them-dangerous-11650226597?mod=rss_markets_main Cutting-edge crypto coins tout stability. Critics call them dangerous.

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