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Cord blood contains all the normal elements of blood-red blood cells, white blood cells, platelets and plasma. But it is also rich in hematopoietic (blood-forming) stem cells, similar to those found in bone marrow. This is why cord blood can be used for transplantation as an alternative to bone marrow.
Cord blood stem cells are not embryonic stem cells and are free from the controversy that surrounds them. In fact, cord blood stem cells belong to a different group of stem cells entirely called adult stem cells. No embryos are destroyed in the collected of cord blood stem cells.