Stablecoin cryptocurrency

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Then, once the smart contract possible the reserves backing a and has been tried and a variety of types ofthe stablecoin.

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3 MAIN Types of Stablecoins Explained
Stablecoins are a type of cryptocurrency whose value is tied to another asset class to keep a stable, steady value. The most popular kind of stablecoins are. This page lists the most valuable stablecoins. They are listed by market capitalization with the largest first and then descending in order. A stablecoin aims to maintain the same price in a given currency. Other cryptocurrencies may fluctuate in value relative to, say, the U.S. dollar. In contrast.

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Learn more about Consensus , CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Algorithmic stablecoins use algorithms and smart contracts to manage the supply of the tokens issued. It was at this point that people realized cryptocurrency alternatives are extremely volatile. Crypto-collateralized stablecoins are backed by other cryptocurrencies. Stablecoins may be pegged to a currency like the U.