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Posted on 12/26/21 at 7:58 pm to Billy Blanks
quote:
Stablecoins meaning btc, eth etc?
stablecoins means coins pegged in value to something stable, like the dollar. They typically are created by companies who guarantee their backing. These coins operate on crypto rails like the Ethereum network, which allow for you to send them peer to peer without a trusted intermediary.
Regulators are coming in hot for stablecoins and in the future only FDIC institutions are likely to issue them, IMO.
Posted on 12/26/21 at 7:58 pm to Billy Blanks
No. There is a class of digital assets called stable coins, that do not fluctuate much in value and are designed to emulate a dollar, but could in theory be a basket of currencies. USDT, USDC are some of the most prominent ones, but there is a wave of algorithmic stable coins coming online soon. They are over collateralized through a smart contract.
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