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.
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