Heard on the Block: “stablecoin”

Tuesday, December 6, 2022 by Snacks

🧑‍🤝‍🧑 If the dollar had a twin who grew up in blockchain country, and spoke fluent crypto…

Stablecoins are a type of cryptocurrency pegged to real-world assets, like the USD. They let people transact on the blockchain while avoiding crypto’s infamous price swings. Some stablecoins are fully reserved, meaning they're 100% backed by cash or cash equivalents. Algorithmic stablecoins, on the other hand, are typically not fully backed, and what backing they do have is usually crypto.

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