Stablecoins De-pegging Coverage Summary.
21 Jan 2023, 17:30
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Stablecoins De-pegging Coverage Summary
Stablecoins are cryptocurrencies that have a value pegged to some external reference, usually a fiat currency.
They maintain reserve assets as collateral and use algorithmic formulas to control supply.
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21 Jan 2023, 17:36
Stablecoins De-pegging Coverage Summary
Stablecoins are cryptocurrencies that have a value pegged to some external reference, usually a fiat currency.
They maintain reserve assets as collateral and use algorithmic formulas to control supply.
This makes them useful as mediums of exchange because their value is less volatile.
A stablecoin depegs when it no longer maintains its value pegged to any asset with a stable value and can be caused by Mismatched Reserves or Markets Outperforming The Algorithm.
š Full Explanation:
Stablecoins De-pegging Coverage Summary.
Stablecoins De-pegging Coverage Summary
Stablecoins are cryptocurrencies that have a value pegged to some external reference, usually a fiat currency.
They maintain reserve assets as collateral and use algorithmic formulas to control supply.
This makes them useful as mediums of exchange because their value is less volatile.
A stablecoin depegs when it no longer maintains its value pegged to any asset with a stable value and can be caused by Mismatched Reserves or Markets Outperforming The Algorithm.
š Full Explanation: https://twitter.com/Checkdot_proto/status/1616850831688728576?t=iwtMousiQHzECcZrDiA6aQ&s=19