Stable Coins
Exploring their uses and purpose 2021
3 min readApr 30, 2021
Stable coins are a cryptocurrencies that seems to be forget. Taken for granted, used to buy or sell Bitcoin or Ethereum. Does this make them a good investment, or more of a means to an end?
What makes a coin stable?
In most cases, most stable coins are backed to a widely used FIAT currencies such as the US Dollar, or the Euro. Some are backed by other assets, such as Gold. A lot of FIAT money isn’t really backed by much anymore, but it’s got wide acceptance.
