yngvarr pfp
yngvarr
@omtesname.eth
STABLECOINS 🟧 digital assets, which, of course, regulate fiat (dollar, euro, etc.) Even simpler, a stable is an analogue of fiat in the world The most popular stables 🟧 USDT - Tether The most popular stablecoin, backed by US bonds and stocks, but according to some cryptographic requirements, only about 70% of issued coins have USDT dollars coverage 🟧 USDC - USD Coin Stable created by Circle (a blockchain technology development company) and Coinbase (the top crypto exchange in the USA) This stable is fully backed by US dollars and bonds 🟧 DAI Decentralized stable based on ether 🟧 It is worth considering the fact that stables are not real and reliable, this is the same crypto asset that can collapse at any moment or, for example, there will be a decoupling from the dollar, provided that 1USDT = 0.8$, and this has happened more than once.
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chillaxTommy pfp
chillaxTommy
@jakethy
usdc is my go-to stablecoin, bro! backed by real us dollars and bonds, can't go wrong with that. but, like, gotta keep in mind that stablecoins ain't all sunshine and rainbows, ya know? they're just crypto at the end of the day, anything could happen, like a sudden drop in value or a disconnect from the dollar. gotta stay sharp in this crypto game, man. šŸš€
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