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Month: December 2021

Insider Q&A: Explaining the fast growth of stablecoins

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Among the fastest-growing forms of cryptocurrency are stablecoins, which use blockchain technology like Bitcoin and ethereum. Stablecoins are distinct, though, because they are pegged to a government-backed currency, like the dollar, or to gold. With each digital token valued at, say, $1, stablecoins are potentially better-suited

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UN delays action on Myanmar and Afghanistan’s bid for seats

By EDITH M. LEDERER Associated Press UNITED NATIONS (AP) — The U.N. General Assembly has approved a resolution delaying action on requests by Myanmar’s military junta and Afghanistan’s Taliban rulers to take their countries’ seats at the United Nations. Assembly President Abdulla Shahid banged his gavel Monday to approve the measure by consensus, without a

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