A crypto investor and a Bitcoin Cash evangelist

Roger Ver

has criticized the newly emerged phenomenon of the crypto world - stablecoins. He published a message on his Twitter including a graph of the devaluation of the US dollar starting from 1913.

According to Ver, since stablecoins are backed up by fiat currencies (it doesn’t really matter if it’s dollar or not), they cannot be called stable because fiat currencies are not able as well. Moreover, they also tend to fall in value if we take a look at price graphs.

We remind you that the most popular stablecoins include:

-

Tether

(backed up by the US dollar)

-

USDC

(backed up by the US dollar)

-

LBXPeg

(backed up by the British pound sterling)

-

CJY

(backed up by the Japanese yen)

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https://twitter.com/rogerkver/status/1051871597257093121