Why are stabelcoins no longer stable?
Blog iconhdk
May 13
This article was prepared for the link3 project, as part of a contest of posts. Stablecoin is commonly consided to be a cryptocurrency whose price is pegged to a particular fiat currency, such as the Dollar or the Euro. Today, the market capitalization of the three most popular stablcoins (USDT, USDC, BUSD) exceeds $120 billion according to Coinlist. However, there are other types of stablcoins, such as DAI (fourth place in the top of stablcoins with a capitalization of $ 5.6 billion). By buy...

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