Cryptocurrencies are very volatile assets; their volatility can cause their price to surge or plummet in value in short periods, thereby either causing an increase or decrease in an investor’s investment. While cryptocurrencies are volatile, stablecoins like Tether are designed to remain stable assets. In this article, you’ll understand what Tether is and the concept…
One of the significant drawbacks of cryptocurrencies and a limitation to their adoption is how volatile they can be. Its volatility led to the introduction of stablecoins, most of which peg to the USD. Find out how Stablecoins remain Stable, examples, and more. What is a Stablecoin? Stablecoins are cryptocurrencies whose market value is pegged…
“What are the most popular Stablecoins”? A question indeed worth asking as cryptocurrencies are notoriously volatile, which limits mainstream adoption, and Stablecoins are essentially the only exceptions as they are extremely stable. But that stability was called into question when the third-largest stablecoin, TerraUSD (UST), abruptly “de-pegged” from the U.S. dollar in May, eventually plunging…
Cryptocurrencies have always been extremely volatile, owing to a variety of factors such as market conditions and supply-demand dynamics. Find out what algorithmic stablecoins are. Stablecoins have changed the game entirely by introducing a stable variant of cryptocurrencies. Find out more! What are Algorithmic Stablecoins? In their purest form, algorithmic stablecoins are completely uncollateralized. Their…