Bitcoin Romania Issues StablecoinBitcoin Romania Issues Stablecoin
By Sheevika Senanayake - October 19, 2018

Bitcoin Romania, a cryptocurrency exchange has launched a stablecoin pegged to the national Romanian currency, named RONC. One billion tokens have been issued and the company emphasizes the transparency of its offering by stating the reserves will be audited regularly. Although this may prove to be a popular on-ramp for citizens, only a few companies accept cryptocurrency in the country, and the crypto tokens have no service to trade back to fiat, posing an obstacle to adoption.