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What are Stablecoins and how do they work?

Stablecoins are one type of cryptocurrency that is designed to maintain a fixed value over time. The value of a stablecoin is typically pegged to another asset class such as fiat currencies or precious metals. In this setup, one unit of the cryptocurrency typically equals one unit of the real currency. Unlike highly volatile cryptocurrencies…
Kimora Diep | 15th May 2022 | More