Stablecoins I
Apr 22, 2022
• 11
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Finding Stability
Stablecoins (‘stables’) are cryptocurrencies that aim to peg their prices to another cryptocurrency, fiat money, or commodities. For the stables primer below, we specifically refer to stablecoins pegged to currencies, the most widely adopted of which is the U.S. Dollar.
Many stablecoin projects try to maintain the peg to their respective currencies, but few prevail. Learning from previous projects, stablecoins are ea...