🧑🤝🧑 If the dollar had a twin who grew up in blockchain country, and spoke fluent crypto…
Stablecoins are a type of cryptocurrency pegged to real-world assets, like the USD. They let people transact on the blockchain while avoiding crypto’s infamous price swings. Some stablecoins are fully reserved, meaning they're 100% backed by cash or cash equivalents. Algorithmic stablecoins, on the other hand, are typically not fully backed, and what backing they do have is usually crypto.