Stablecoins And The Future of Money

Summary Stablecoins are cryptocurrencies whose value is pegged to another stable/high-performing currency like the Dollar or Pound. Stablecoins are sometimes called the fiat of crypto and maintain stability for investors and traders in the highly volatile crypto market. There are four types of stablecoins: Fiat-backed stablecoins, Crypto-backed stablecoins, Commodity-backed stablecoins, and Algorithmic stablecoins. Table of