Everything You Ever Wondered About Stablecoins

Written by LindaCrypto | Published 2020/03/13
Tech Story Tags: cryptocurrency | stablecoin | stablecoins | facebook-libra | tether | digital-asset | crypto | hackernoon-top-story

TLDR Bitcoin and cryptocurrency market cap has been quite volatile ever since the initiation of the Bitcoin Genesis block, back in 2009. Stablecoins are digital currencies developed to minimize the volatility of the price of set stable coin. They are not intended as an investment vehicle, but rather a safeguard towards the underlying value of the pegged asset (b.g. US Dollar, gold, USDT) Stable coins can be pegged to a stable asset, like the US Dollar or to exchange traded commodities, like precious metals. In 2019, Tether started mitigating from OMNI to the Ethereum blockchain.via the TL;DR App

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Published by HackerNoon on 2020/03/13