New digital currency sets the world talking

By CHEN JIA | China Daily | Updated: 2019-11-28 03:35
LI MIN / CHINA DAILY
Adoption of stablecoins proves popular
Different forms of currency have been used over the ages — such as seashells, wampum and metal coins — and in more recent times, bank notes made from paper and plastic are in wide circulation.
Nowadays, the digital era is set to redefine the features of money and the ways in which it is used.
Almost overnight, the world has started to talk about stablecoins, a new form of digital currency fully backed or collateralized by a country’s fiat currency — money that the government
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