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Stablecoins are an attempt to create a cryptocurrency that isn’t volatile. A stablecoin’s value is pegged to a real world currency, also known as fiat currency. For example, the Stablecoin known as Tether, or USDT, is worth 1 US dollar and is expected to maintain this peg no matter what.
That’s Stablecoins in a nutshell. If you want a deeper explanation keep on watching the video, here’s what I’ll cover:
0:37 - Cryptocurrency volatility
1:40 - Stablecoins in a nutshell
2:22 - Main usage of stablecoins
3:20 - Stablecoin peg types
6:47 - Stablecoin business models
7:17 - Popular Stablecoins in use today
8:24 - Stablecoin crticism
10:12 - Conclusion
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