Why nobody trusts in stablecoins?

Why nobody trusts in stablecoins?
Let"s understand what is the reason for the mistrust of the crypto community to stable cryptocurrencies.

A stable cryptocurrency, or stablecoin, is a fixed-rate cryptocurrency. The majority of currencies are determined by the market: buyers and sellers exchange tokens, and the rate is formed by supply and demand. Stable cryptocurrencies, on the contrary, try to have a fixed rate.

The most famous stablecoins - Tether (USDT) and TrueUSD (TUSD). These coins are provided with fiat money, and the mechanism is fairly simple: a third party ...
Read more about "Why nobody trusts in stablecoins?" on coinatory.com

Comments

Popular posts from this blog

Notcoin Launches Major Airdrop Campaign on Telegram, Distributing 80 Billion Tokens

Tether Achieves Record $4.5 Billion Profit in Q1 2024 Amid Surging Treasury Holdings

Cryptocurrency Market Fluctuates: Fear and Greed Index Drops to Fear Level