Nobel Prize-Winner Myron Scholes Backs Stablecoin to Rival Facebook’s Libra

Myron Scholes summoning a new stablecoin

The Saga Foundation, a Swiss non-profit created last year dedicated to developing new technologies in open and decentralized software, is launching a new virtual currency called Saga (SGA). The token is connected to the International Monetary Fund’s (IMF’s) cash reserve that can initially only be owned by accredited and identified investors. The news was published

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Source: BTC Manager