Stablecoins have a total market capitalization of over $150 billion. Understand what they are and the crucial role they play in DeFi.
Mass adoption of stablecoins requires consumer protection and sensible regulation.
Stablecoins are a type of cryptocurrency that bridges gaps between the real world and the crypto realm. Regular stablecoins should be pegged one-to-one and hold their value with underlying fiat assets like the US dollar.
With a total market capitalization of over $150 billion, it is no wonder that stablecoins are capturing the attention of consumers and regulators alike.
There are many different types of stablecoins in line with the respective backing of their underlying assets.
The most popular and easiest to grasp are those based on real money like the US dollar and hard physical assets such as gold or silver.
However, there are also crypto-collateralized, and algorithmic stablecoins like Maker´s DAI. We will cover the use cases of stablecoin…
