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With the coming of decentralized stablecoins, we are taking a look at what stablecoins are.
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Digital currency including crypto and stablecoins are getting increasingly popular. But what are Decentralized Stablecoins and how do they operate?
What are Decentralized Stablecoins
Stablecoins are a unique type of cryptocurrency proposed to possess a relatively stable value over time, unlike Bitcoin and most other altcoins. This stability is accomplished by tethering the coin’s value to that of a stable asset like the US dollar. Stablecoins provide all the interest in crypto while trying to keep away uncontrolled volatility.
Decentralized stablecoins are stablecoins that are built on decentralized blockchain networks. USDT and USDC are examples of centralized stablecoins, that is, a body or an organization is responsible for the maintenance of that stablecoin. On the other hand, decentralized stablecoins are not governed by any authority.
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We współpracy z: https://www.thecoinrepublic.com/2023/08/20/what-are-decentralized-stablecoins-and-how-do-they-operate/
