BlockchainMatters
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BlockchainMatters

[Research] Stablecoin in Crypto World

Today, we are going to introduce the differences between USDT, USDC, BUSD, xUSD and xSGD. Nowadays, USDT, USDC and Dai take 62.22 billion, 26.13 billion and 10.5 billion in market cap respectively.

What are stablecoins?

Stablecoins are a cryptocurrency whose value is backed 1:1 by another asset, for instance, USD, EUR, Yuan, or NTD. Stablecoins aim to keep the price relatively stable.

How does it work?

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基於對區塊鏈世界的嚮往與愛好,編者想透過此平台,將更多正確且知識性的事務傳達給更多大眾知道,以利圈外人士也能了解這個領域的相關新聞。此論壇會以介紹各種區塊鏈項目與技術為主。( Based on our own passions, as editors , we want to convey accurate knowledge and the latest news to the public on this platform. This publication will introduce various skills to you.)

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Lin Yi-Wei

Lin Yi-Wei

A business school student engaging in cryptocurrencies and quantitative finance pursues the bachelor degree in Nanyang Technological University.