#StablecoinSurge #stablecoin
USDT (Tether): Pegged to the US dollar, it is one of the most widely used stablecoins.
• USDC (USD Coin): Also linked to the dollar, it is considered transparent
thanks to regular audits.
• DAI: A decentralized stablecoin, whose value is secured through a system of crypto collateral.
• BUSD: Binance USD, another stablecoin
linked to the dollar.
How they are secured:
1. Fiat-backed stablecoins: Each unit is backed by reserves of real money or equivalent assets (e.g. USDT,
USDC).
2. Crypto-collateralized stablecoins:
Based on other cryptocurrencies as collateral (e.g. DAI).
3. Algorithmic stablecoins: Maintained
stable through automatic demand and supply mechanisms.