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Stable Coins Collateralization Against Existing Cryptocurrencies Discussion

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See attached the first news article. We will discuss stable coin. You must make an initial post and one response (at minimum) to your classmate. Your first response should be around 300 words. It should not exceed 500 words. Wikipedia also has useful information.

You must include a list of reference (does not include the 300 words) and follow the APA style of citation.

FYI: https://www.cnbc.com/2021/08/23/crypto-usdc-stablecoin-to-change-reserves-composition.html

The above article is just off the press.