Posted in Crypto, crypto basics, Stablecoins.
A stablecoin is cryptocurrency with a twist. Instead of being “mined” by an open, distributed network of computers performing a combination of math and record-keeping, a stablecoin derives its price from the value of another asset. In short, a stablecoin is pegged to some other underlying asset.
What are the leading stablecoins?
The most prominent stablecoins are the ones used for trading on crypto exchanges. These include: tether, the most popular stablecoin, which is usually in the top-five highest market caps for cryptocurrencies; USD coin, or USDC, an open-source project run...
Continue reading