Stablecoins in a Nutshell…And Why They Can Kill Decentralization

Stablecoins in a Nutshell…And Why They Can Kill Decentralization


The most commonly known stablecoin is Tether. It is a cryptocurrency that buys one American Dollar from the market before issuing one tether. This means that when one American Dollar leaves active circulation, one Tether enters active circulation. Thus, the price of Tether has stayed stable over the years. A swing of fewer than 10

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Posted by Utsav Jaiswal on October 20, 2018 @ https://www.ccn.com/stablecoins-in-a-nutshell-and-why-they-can-kill-decentralization/

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