Stablecoins, altcoins, shitcoins: history, review, and everything you need to know now
An in-depth but accessible discussion so that you losers can decide your favorite flavors.
- A class of cryptocurrency that aims to provide price stability, ensuring a stable value over time.
- There are different methods of achieving a stable market price:
- Collateralized by fiat: the coins are backed by assets in reserve.
- Collateralized by cryptocurrency: something lie “over-collateralization”, something like $1 of stablecoin is linked with $2 worth of crypto.