The characteristics of the ideal stablecoin
Written by Iain Monk, Digital Asset Strategy Lead at Clear.Bank
Stablecoins have made great strides since the first stablecoins (BitUSD and Bubits) which were created back in 2014 and, as the name suggests, designed to be “stable” (i.e. not volatile) - unlike other crypto currencies. They were created to have a return similar to the US$ and were backed by a basket of cryptos.
Tether (USDT) is the largest stablecoin out of over 200 that now exist and is considered the world’s first true stablecoin that is predominately, but not exclusively, backed by US$ deposits. Stablecoins...
Written by Iain Monk, Digital Asset Strategy Lead at Clear.Bank
Stablecoins have made great strides since the first stablecoins (BitUSD and Bubits) which were created back in 2014 and, as the name suggests, designed to be “stable” (i.e. not volatile) - unlike other crypto currencies. They were created to have a return similar to the US$ and were backed by a basket of cryptos.
Tether (USDT) is the largest stablecoin out of over 200 that now exist and is considered the world’s first true stablecoin that is predominately, but not exclusively, backed by US$ deposits. Stablecoins...
