Besides the cryptocurrency tether, what else is a stable coin?

A “Stable Coin” in THEORY is a cryptocurrency that is backed or pegged to another asset, primarily a FIAT currency. The core problem with 99% of them including Tether is that there is often no way to verify the reserves backing them.

There is also the perennial problem of liquidity — you will always have to find an exchange will to convert them.

Be VERY cautious about investing or using anything claiming to be a “stable coin’ — they are still very likely (illegal) unregistered securities and simply calling it something else will not change that view by the regulators.

Blockchain Hat

Blockchain Hat provide personalized blockchain technology service and solution in a very smart way. We provide enterprise blockchain solutions all over the world. Our popular services are ICO/ST/IDO Development, DEFI Development, NFT Development, Tokenization, Dapp Development, Crypto Marketing service, and many more. Start your decentralized business with Blockchain Hat.

--

--

--

The first global lost and found blockchain network

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Launching an ICO that is ready to bridge the old and new worlds from the outset

A bit of DeFi, a bit of Yield Farming, and a bit of Stablecoin all in one

Bitcoin Chartpunk Daily Alpha #3

How will the VRA token be used?

Letter from our CEO // must read

Social media platforms for artists

DXS is in Trade Mining & Farm & Pool with BabySwap!

What is Goldfinch Finance?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Blockchain Hat

Blockchain Hat

The first global lost and found blockchain network

More from Medium

LTO Network — LowSea Leasing Node update (15th of March 2022)

French Connection Finance: New Partnership Brings Crypto Payments to 500+ Stores

Discover “Giant Whales” with BlockVision: The Ultimate Guide to Investing Like a Pro

CREATON Crowdsale Is On