TLDR
Stablecoins are cryptocurrencies whose value is tied to an asset: fiat currency, cryptocurrency, commodity, or a basket of all of the aforementioned. There are various types of stablecoins, differing in the mechanism of their value formation and in the assets that provide their value. This type of stablecoin can be called a decentralized stablecoin, since its value does not depend on the availability of fiat currency. This stablecoin cannot be blocked at the request of the issuer (like USDT) The value of decentralized stablecoins is provided by excess collateral in cryptocurrency.via the TL;DR App
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Written by elagai | Cryptocurrency | DeFi | Yield farming
