How do Stablecoins work? Tether explained. USDT, USDC, DAI, BUSD, TUSD, FRAX, USDP, LUSD

Top Stablecoins:
Tether (USDT)
USD Coin (USDC)
Dai (DAI)
Binance USD (BUSD)
TrueUSD (TUSD)
Frax (FRAX)
Pax Dollar (USDP)
Liquity USD (LUSD)
The video explains Stablecoins: What are stablecoins and how do they work? Stablecoins' role in crypto and beyond: functions and risks? An Introduction To Stablecoins? stablecoins list, stablecoins definition?, was ist ein stablecoin?, stablecoin paypal, best stablecoin, stablecoins regulation, stablecoin kurs, stablecoin price, dai stablecoin? Investors and consumers can buy cryptocurrency like bitcoins but they also could buy stablecoins like Tether. Unlike bitcoins the stablecoins are asset backed. Learn about tokenization of funds, USDT wallets, USDT smart contracts, issuance of USDT tokens and the use of the Ethereum network.The video refers to the book "Fintech Business Models" by Matthias Fischer, published in February 2021, DeGruyter Berlin/Boston.
Algorithmic stablecoins use algorithms and smart contracts to manage the supply of the tokens issued. Crypto-backed stablecoins use other cryptocurrencies as collateral, and smart contracts to monitor the minting and burning of the coin. Fiat-backed stablecoins use government-issued currency like the U.S. dollar as collateral.