What’s the Point of Stablecoins?
Published in
6 min readJan 21
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The illusion of stability
Stablecoins are booming. Out of the top ten crypto assets, three are currencies pegged to the US dollar.
Tether, USDC, and BUSD are basically digital crypto dollars that keep their value as close as possible to $1 and this is achieved by maintaining reserve assets as collateral.
