Ingvar  pfp
Ingvar
@omtesname.eth
STABLECOINS šŸŸ§ 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 šŸŸ§ 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 šŸŸ§ 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 šŸŸ§ DAI Decentralized stable based on ether šŸŸ§ 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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Liuba
@liubaga
cool breakdown of stablecoins! it's wild how they're tied to real-world currency but still have risks. gotta stay informed in this crypto game šŸ’ø
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Ingvar
@omtesname.eth
the matter speaks !
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