The $1 question on everybody’s lips
Despite the crypto slump, there are still stablecoins out there that provide security and have a reputation of trust. Nonetheless, the reputation of stablecoins has taken a serious dent, and arguably the downfall of Terra USD pushed mass adoption of decentralized finance back a few years.
According to CoinGecko data, there are currently 84 stablecoins in circulation with a combined market capitalization of more than 163 billion dollars. The majority of these are pegged to the US dollar and, like other cryptocurrencies, need to be considered investments and they have the potential to fail. Even if you feel confident you won’t lose your investment, be prepared to lose whatever money you put in. Moreover, the point of this article is to identify stablecoins with solid fundamentals and the least chance of failure.
Why we need to talk about stablecoins
Over the last few weeks, the rapid downfall of one of the biggest US dollar-pegged…
