Are Top Stablecoins Fallible? – They’ve Crashed in the Past
The crypto world seems to have a calm, stable center: stablecoins. These are digital assets created to have a stable value (typically $1) and mimic the price of a traditional (real-world) asset, often the U.S. dollar. Stablecoins are typically created in two ways: by backing each token with a traditional asset (fiat-backed) and by programming a stablecoin’s price via code (algorithmic). This combination is what makes them both powerful and fragile in different ways. They have proven in […]