Start with Stablecoins to better understand Facebook's Libra

10X Technology

Start with Stablecoins to better understand Facebook's Libra

Priya Wadhwa
10X Technology
Published:
Start with Stablecoins to better understand Facebook's Libra
Form a more informed opinion.

Cryptocurrency is still at its infancy. Even though it has been around since a decade, it is still majorly just used by people to make money from the massive fluctuations.

However, the intent behind cryptocurrency is to be actually used for trade. To help bring this use to the masses, Facebook is working on launching Libra, a cryptocurrency that will be pegged to fiat money—a stablecoin.

While in theory stablecoins go against the principle with which cryptocurrencies were developed, they will play a major role in helping it be used on a mass level.

Learn more about how stablecoins work below.