Author Topic: What are types of Stablecoin?  (Read 4496 times)

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Offline shirawilliamTopic starter

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What are types of Stablecoin?
« on: May 26, 2021, 10:42:28 AM »

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Stablecoin is the sort of cryptocurrency which is widely used for stabilizing the cryptocurrency value. And there are six major types of stablecoin, they are,

Fiat-backed Stablecoin, Crypto-backed Stablecoin , Commodity-backed Stablecoin, Asset-backed Stablecoin.

These stablecoin is also aid to earn money by creating it and more than 200+ successful stablecoin are out there in the market and the best example among them is Tether. To, create your own stablecoin development, ping us!!

Offline Ferozas

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Re: What are types of Stablecoin?
« Reply #1 on: June 20, 2021, 06:04:01 PM »
Stablecoins are used to manage/control volatility

Offline thevaporizzer

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Re: What are types of Stablecoin?
« Reply #2 on: November 28, 2023, 03:51:38 PM »
Stablecoins are cryptocurrencies designed to carry identical value as a foreign currency. For example, USDT (Tether) = $1.00.

In crypto there's many different type of stablecoins, and some of them are great for earning passive income. This is possible by interacting with DeFi protocols, in which stable coins can be provided as liquidity, or staked.

For example, there is a new popular DeFi protocol called Blast, where you can earn passive income on your Blast stablecoin. The mainnet is still not launched but you can get access to the pre-public environment, all you need is an invite code. Here is how you can qualify and get Blast Airdrop Invite Codes.

Hope this helps :)

 

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