Stablecoins: Their Roles in the Crypto Ecosystem, Types and Associated Risks

Stablecoins have become essential in the crypto ecosystem, serving critical roles such as providing stability for investors. According to data from Coingecko, there are over 110 stablecoin assets in the crypto market as of September 2024, with their total market capitalization surpassing $173 billion.ContentsWhat are stablecoins? Types of stablecoins1. Fiat-collateralized stablecoins2. Crypto-collateralized stablecoins3. Algorithmic stablecoins4. Commodity-backed … Continue reading Stablecoins: Their Roles in the Crypto Ecosystem, Types and Associated Risks