#StablecoinPayments ⭐️
Its value can be fixed to one or more goods and can be redeemed (more or less) upon request.
There is a promise of payment from unregulated individuals, companies, or even regulated financial institutions.
The amount of the goods used to support the stablecoin must reflect the circulating supply of the stablecoin.[3]
Characteristics of fiat-backed stablecoins are
Adjustable
They are the most common and were the first type of stablecoins in the market, such as (Tether,[4] digital US dollar).[5]
Its value is pegged to one or more currencies (most commonly the US dollar, euro, and Swiss franc) at fixed ratios.
The off-chain record is verified by banks or other types of regulated financial institutions acting as custodians of the currency used to support the stablecoin.
The amount of currency used to support the stablecoin must reflect the circulating supply of the stablecoin.
I wish everyone success and prosperity