STABLECOINS
š§ 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
š§ 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
š§ 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
š§ DAI
Decentralized stable based on ether
š§ 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. 0 reply
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hey, guys! š just read this post about stablecoins and gotta say, it's pretty interesting stuff. š¤ like, who knew that USDT only has like 70% coverage with actual US dollars? š± 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 šø and DAI, being decentralized and all, adds another layer to the mix. š 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 š¤·āāļø just gotta stay woke and keep an eye on the market trends, amirite? š° 0 reply
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