#Stablecoins #Cryptocurrency

👉 Stablecoins: A Beginner’s Guide

The combined market capitalization of these five stablecoins, reflecting their significant role in the landscape, is $129.56 billion (as of January 12, 2024).

🔸Tether (USDT)

🔸USD Coin (USDC)

🔸Dai (DAI)

🔸TrueUSD (TUSD)

🔸First Digital USD (FDUSD)

How Do They Maintain Stability?

1. Fiat Collateralization

2. Over-collateralization with Crypto

3 Algorithmic Control

The Integral Role of Stablecoins in the Crypto Ecosystem

🔸Facilitating Trading

🔸Lending and Borrowing

🔸Use in Remittances

FULL READ 👇

https://www.binance.com/en/blog/ecosystem/stablecoins-a-beginners-guide-3547102596809083284