Chapter
The Risks of Stablecoins with Tether
1:09:21 - 1:12:33 (03:11)
The use of stablecoins is rising in popularity as a way to hold a stable asset in the volatile crypto market. However, there is a risk of fraud as some stablecoins claim to be backed by assets like dollars, but are actually backed by volatile cryptocurrencies like Bitcoin.
Clips
Stablecoins are a type of cryptocurrency that aim to provide stability to the users by pegging their value to traditional assets, like the US dollar.
1:09:21 - 1:12:33 (03:11)
Stablecoins
Summary
Stablecoins are a type of cryptocurrency that aim to provide stability to the users by pegging their value to traditional assets, like the US dollar. This helps in converting volatile assets into stable ones while minimizing the risk of fraud.