Saga Stablecoin Goes Live Backed By Basket of Fiat Currencies

Bitcoin News

Its value will rely solely on the “basket of national currencies” whose collective worth backs up SGA’s list price. Meant to mimic the International Monetary Fund’s Special Drawing Rights, a currency-like reserve asset pegged to the dollar, euro, renminbi, pound sterling and yen, this “basket” will ensure SGA’s stable price.

Products You May Like

Articles You May Like

Banks and the Fed have a problem — What about crypto?
Olive Garden parent raises revenue outlook as same-store sales jump
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
Virgin Orbit scrambles to avoid bankruptcy as deal talks continue customer accused of $7M spending spree granted bail

Leave a Reply

Your email address will not be published. Required fields are marked *