
Stablecoins and Types of Stablecoins
□ Jan 25 2021 □
Published
at Altcoin Buzz
under tags
ampl
crypto education
dai
dgx
paxos
The demand for stablecoins has been constantly growing in the crypto ecosystem. If cryptocurrencies have to be used as mode of payment, price stability would be the most important parameter. This is where stablecoins like Tether come into picture. Stablecoins have been created to replicate the role of fiat currencies built on blockchain. Stablecoins derive their value from the underlying collateral. Depending on...