Stable Currencies Company Coin Shares Releasing New Gold-Supported Token

Based in London, Coin Shares is a company that specializes in stable coins. Thus, even though it doesn’t qualify as a form of fiat, gold works similarly with money like USD, and tying it to bitcoin creates a stable blockchain of sorts.

In fact, even Facebook’s new cryptocurrency – Libra – is slated to be a stable currency, backed by a basket of different fiat including the euro and USD. Currencies such as bitcoin, Ethereum, bitcoin cash and Litecoin, for example, are all more mainstream than your standard stable coin.

Timeline of Ethereum, Litecoin