Stablecoins

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Avatar for Akhoxiimj
2 years ago

Stablecoins

  • Minimized price votality

  • Pegged to stable assets

Types:

  1. CRYPTO COLLATERALIZED

    • Backed by other largest market capped Crypto Currencies like Bitcoin or Ethereum

    • Higher level of decentralization and liquidity

    • Subject to volatility of collateralized crypto

    • Example: DAI

  2. FIAT COLLATERALIZED

    • Backed by a 1 to 1 ratio of the FIAT currency

    • Higher stability and lower volatility vs. other crypto currencies

    • Highly regulated and centralized

    • Example: TETHER

  3. NON COLLATERALIZED

    • Backed entirely by Algorithms and Smart Contracts

    • Most decentralized and independent

    • Complex and high downside risk

    • Examples: Carbon, Basic and SagaCoin

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2 years ago

Comments

Are you swapping your crypto to stablecoins? Or just holding it?

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2 years ago