What is Stablecoin & How it aid to secure the asset?

elandicaprio
2022-10-27 10:52:33
Stablecoin is a sort of cryptocurrency which is aid to stabilize the crypto value by backing some real-world asset with the tokens. The best example for that is fiat-backed stablecoin, gold-backed stablecoin, etc. There are almost around 200 stablecoin is available for the usage in the market, they are

Tether
USD Coin (USDC)
TrueUSD
Dai
Paxos Standard

So when the token is backed with a famous real-world asset like fiat, gold, silver, etc. That backed asset becomes safe via the crypto token. Know more details of the stablecoin development & create your own stablecoin.
tylerwinklevoss
2022-10-27 12:43:18

Thank you for sharing it! I love when everything is explained in a simple way