Pegged to the US Dollar, fully collateralized by cryptocurrency.
The benefits of stablecoins are in its name – they’re simply ‘stable’. That is, they hold a consistent value no matter what happens to the wider cryptocurrency market. Though, there has been much distress regarding Tether USDT – pegged to the US Dollar (USD) – as a “ticking time bomb”. According to many, if the […]
Fiat currencies on the Bitcoin blockchain Coin Market Cap Rank: 8 Current Market Cap: $2,759,243,451 Website: https://tether.to Many cryptocurrencies refer to themselves as the gold of cryptocurrency or as backed by fiat currencies. These cryptocurrencies are known as ‘stablecoins’. Stablecoins cryptocurrencies that are tethered to stable assets such as fiat currencies or gold. Many […]