Altcoins > State-backed cryptocurrency

What is the Role Smart Contract plays in Stablecoin Development?


Stablecoin is a sort of crypto which is used to stabilize the waving crypto values. That is why it is known stablecoin and it is done by backing some real world asset like fiat, gold, silver, USD etc with any tokens like Ethereum ERC20 token or others.
When the stablecoin is pegged with any token, it is executed via smart contract and also stablecoin development are regulated on-chain using the smart contract. When there is need of finance by stablecoin, it can be done and recorded in smart contract.

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