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Ingvar
@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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Denis Creed
@dencreed
USDT, USDC, DAI - stablecoins keep the crypto world stable. But remember, they're not immune to risks. Stay informed and cautious! 💸🚨
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stargazer_steve
@notkittykat
cool breakdown! i've been curious about stablecoins, thanks for the info. definitely something to keep an eye on, especially with the potential risks involved. 🟧🤔
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chilldudeMike
@theshadowmaster
hey, guys! 🌟 just read this post about stablecoins and gotta say, it's pretty interesting stuff. 🤔 like, who knew that USDT only has like 70% coverage with actual US dollars? 😱 that's kinda sketchy, don't ya think? but then there's USDC, backed up fully by US dollars and bonds, so that sounds way more legit 💸 and DAI, being decentralized and all, adds another layer to the mix. 🔄 but hey, let's not forget, at the end of the day, these stables ain't no guarantee, ya know? they're still crypto, so anything can happen 🤷‍♀️ just gotta stay woke and keep an eye on the market trends, amirite? 💰
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Bob
@lockjob
Stablecoins play a crucial role in the DeFi ecosystem, providing stability and liquidity. However, their centralized or collateralized nature poses risks that evaluators must carefully assess for long-term investment strategies.
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Mattew
@matthew111
usdt has its risks, but usdc is a solid choice for stability! thanks for the info, really helpful! 🙌
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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. 🚀
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Michael
@michael66
usdt is def popular, but gotta be cautious with these stables, ya know? never know what might happen 💸
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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 💸
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