New ‘currency’ aims to tackle failings of predecessors

Saga sits between a stablecoin and crypto asset, designed by a team including former central bankers

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Saga: founders aim to fill a gap where there should be a global currency

A new “currency” known as Saga, or SGA, launched on December 10. It joins a crowded field of crypto assets and stablecoins, each hoping to reinvent money.

Saga, the company operating the SGA system, claims its offering has points of difference that could contribute to its viability. For one, it has the backing of a handful of high-profile former central bankers, including one-time Bank of Israel governor Jacob Frenkel and former monetary policy-maker Barry Topf.

It also has a governance model

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