Tag Archives - stablecoins

How Do Top Stablecoins Work?

In the world of modern cryptocurrency trading, stablecoins hold a very crucial role. It doesn’t simply serve as the hedge against cryptocurrency volatility but also with other attractive use cases. For example, many people lock their stablecoins to DeFi protocols such as Curve Finance in order to “farm” DeFi tokens like CRV. They then can…

The Rise Of StableCoins And Their Potential Risks

Before 2015, many cryptocurrency traders chose to trade their altcoins against Bitcoin. As a result, they were exposed to extreme volatility because both altcoins and Bitcoin had very volatile price actions. To solve this problem, a company called Tether decided to create a stablecoin with 1-to-1 valuation to the US dollar. That stablecoin is called…