While the U.S. Treasury Department has reported a significant increase in the use of stablecoins in recent years, they have been around in the cryptocurrency market for years. Due to their low price volatility, stablecoins such as Tether, USDC, and Dai have become popular choices for cryptocurrency trading both on and off exchanges. The goal of these stablecoins is to peg a value of $1, but the mechanics for achieving this are very different. By design, some stablecoins prioritize decentraliz...