What are stablecoins and how do they work? | FT
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- Опубліковано 28 лис 2021
- FT banking and fintech reporter Siddharth Venkataramakrishnan looks at how the digital assets are used, why they are growing in popularity - and why they are in regulators' sights. Read more at on.ft.com/3EdyCXq
#stablecoin #cryptocurrency #digitalcurrencies #regulation #Tether
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Who puts in these sound effects and thinks to themselves, "yeah, this isn't annoying at all" 🤣
Clear and useful, nice tutorial
There is a Tether in my wallet, because I am engaged in long-term investing
There are a lot of stablecoins on the market now, and in addition to the most popular ones, I use gbpt as one of the most promising in my opinion.
I use tether most often because it has more pairs with other cryptocurrencies
Somehow, historically, I began to use only Tether and did not even consider other stable coins ...
If there happens a single bank run on the so called stable coins, those coins won't be stable no more!
There are reasons why USDT is so popular, including because it was the first.
USDT is my choice if we talk about stablecoins.
ended this video even more confused than i began. poor video. didnt explain or define clearly what stablecoins even are.
stablecoins are the best and the most reliable asset in crypto world now
imo from them I prefer usdt - the king coin
rip lol
half of my assets are in stablecoins, in usdt
are you still okay now?
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T elegram.
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pegging
In other words „one of the scammiest field in crypto“
Some work tho.
@Bishal Sinha how what? I made two statements?
@Bishal Sinha Regarding "scammy" I am referring to the problematic lack of assets to maintain a 1-1 exchange rate, several Stablecoin "providers" face. #Tether. In addition, shadowy legal frameworks and setup are at least problematic. There is also a case to be made for Stablecoin inflation being responsible for some of the price fluctuations of other crypto coins. But that would go too far. On the other side, USDC seems to work quite well, although I would be careful with the relatively high lending rates. What is sure, is uncertainty.
@Bishal Sinha Hope that answers your questions 👌
@@pablopallavicini8492 I don't think anybody cares as long as they serve a purpose. Many people use them and experience their utility
Fdg
Stable coins feed inflation because they aren't fully backed - they are more of the same medicine we already have had enough of - quantitive easing in other words.
I don't think you get what stablecoins are, they are simply tokenization of currency, that means representing a currency digitally. So the problem of quantitative easing you need to take to the Fed.
@@unlockwithjsr I believe that the Tether and other stable coins aren't fully backed by the currencies they represent. So the company that made Tether is printing money that previously didn't exist.