SINGAPORE, Sept 27 (Bernama-GLOBE NEWSWIRE) — With increasingly volatile trade relations and growing uncertainty in the global economy, and a digital asset industry subject to tough new regulatory measures, many economic thought leaders are calling for a more stable and resilient global currency to reduce the current over-reliance on the U.S Dollar.
The EXR Foundation’s recently announced stable-value digital asset, EXR, joins a shortlist of serious contenders that potentially fit this bill. It will be created alongside Bitcoin, Facebook’s Libra and also the Peoples’ Bank of China’s incoming stable asset for domestic use in China.