Top 5 Different Types of Stablecoins

in #stablecoins • 2 years ago

Here are some popular types of stablecoins-

Fiat-backed stablecoin
A fiat-backed stablecoin is a digital currency that is backed by a reserve of real-world fiat currency, such as the US dollar.

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Gold-backed stablecoin
A gold-backed stablecoin is a digital currency pegged to gold’s price.

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Crypto-backed stablecoin
A crypto-backed stablecoin is a type of digital currency that is backed by a reserve of cryptocurrencies.

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Commodity-backed stablecoins
A commodity-backed stablecoin is a digital currency that is backed by a physical commodity, such as gold or silver.

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Algorithmic Stablecoins
Algorithmic stablecoins are a type of cryptocurrency that is price-stable.

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Explore more here : Types Of Stablecoins

2 years ago in #stablecoins by
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