if true. then the country that uses the first stable coin is arabic, with its dinar and dirham.
The dinar and the dirham appeared in the 6-7 century AD.
The first gold coins were created in Lydia around 550 BC, a full one thousand years earlier.
Then there were gold coins created by the Greeks, the Persian and Roman empire and many others till the Arabs.
So no, the first "stable" coins were by no means Arabic.
Some stablecoins out there are using real Gold tho.
Never heard of one that wasn't revealed to be a scam!
Some are backed by their national currency.
Again, I never heard of national stable cryptocoin.
Care to give some examples?
According to some experts in this industry, Bitcoin will become back up by gold when there are no bitcoins to mine. some say there will be a lot of debates with this digital currency along the way.
Realy amazing topic, so many new things I have no clue about..../sarcasm
Again, who are those experts? What the hell has the backing to do with the mining?