👉 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
