Ethereum

Stablecoins have become the talk of the town lately and everyone seems to be speculating about them.

But what exactly are they and how do they work? Are they even decentralized? Let's explore 🧵👇

full-stack dev / smart contract dev | i build stuff and explain how i build it

Stablecoins are digital assets pegged to fiat currencies or other assets to minimize price volatility, aiming for price stability. Some are decentralized, like DAI, utilizing smart contracts, while others, like USDC, are centrally managed. Each has its own risks and benefits.