Everything You Need to Know About Stablecoins — The DeFi Series

  • Other cryptocurrencies, with the most popular coins like Bitcoin and Ethereum serving as value tethers for a lesser-known stablecoins
  • Fiat currency, with the dollar being one example
  • Tangible assets such as gold, silver, or other commodities with real value
  1. They have less volatility than non-stablecoin tokens
  2. By reducing volatility, cryptocurrency becomes a more viable means of exchange
  • Centralized stablecoins, also known as collateralized stablecoins
  • Decentralized stablecoins
  • We can’t be certain
  • Historical precedent indicates potential trouble
  • It’s not looking good
  • We can hope for the best

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