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Race for Stable Cryptos Heats Up as Volatility and Demand Surge

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Bitcoin: What’s Coming in the Year Ahead

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It’s the Holy Grail of cryptocurrencies -- an asset with all the benefits of decentralization but none of the volatility.

Tether, which claims to be pegged one-to-one to the dollar, is the most prominent among so-called stable coins. It’s also the most controversial, with U.S. regulators and investors trying to sort out whether it’s a scam. Even with Tether under a cloud, demand is rising for tokens seeking to dull price swings and increase the use of virtual money.