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'Stablecoins' are the hottest thing in crypto right now, with over 50 projects in development. A 'stablecoin' is a cryptocurrency that's price is pegged to a real-world asset like gold or the dollar. Here's a guide to what they're used for, how they work, and why people are excited about them.
The London Block Exchange plans to launch a new cryptocurrency pegged to the pound: LBXPeg. One-for-one sterling reserves will be held in a segregated bank account.