Saga: Launched its SGA stablecoin
- SGA the basket-backed stablecoin envisioned last year by the Saga Foundation long-term play tailoring to two very different goals of the crypto market
- Largely spooked by Libra, the stablecoin project with a clear roadmap to mass adoption via Facebook
- SGA’s seemingly contradicting ambitions give rise to a complex game plan
- Over time SGA will become entirely unpegged and the value of the outstanding tokens
- SGA is in line with the European Union’s know-your-customer and also anti-money laundering regulations
- The legislation is far from passing, though if it or similar legislation ever were
