The Rise of Stablecoins & What Are The Different Types Out There
▻https://hackernoon.com/the-rise-of-stablecoins-what-are-the-different-types-out-there-9b8b7f31d
2018 has seen a huge increase in stablecoin projects as everyone seems to be trying to dethrone #tether (USDT) at this point. But why the sudden interest and what are the difference between them? Here are my initial thoughts on the topic:What are Stablecoins?Stablecoins are cryptocurrencies which are pegged to an asset that has a stable value such as gold or fiat money (USD). For example Tether (USDT) is a stablecoin designed to be pegged to $1USD for each of its coin. How it does this depends on the stablecoin’s design.Why The Sudden Growth in Stablecoins?In my opinion the sudden growth in stablecoins is attributable to:The Volatility in the Crypto MarketPeople realize that if they wish to use crypto as a way of transferring money or purchasing goods it is not possible if the value of (...)