{"id":5260,"date":"2023-03-03T13:14:37","date_gmt":"2023-03-03T13:14:37","guid":{"rendered":"https:\/\/kriptomat.cash\/what-is-a-stablecoin-and-how-does-it-work\/"},"modified":"2024-06-19T11:26:35","modified_gmt":"2024-06-19T11:26:35","slug":"what-is-a-stablecoin-and-how-does-it-work","status":"publish","type":"post","link":"https:\/\/kriptomat.hr\/en\/what-is-a-stablecoin-and-how-does-it-work\/","title":{"rendered":"What is a stablecoin and how does it work?"},"content":{"rendered":"\t\t
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What is a stablecoin?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tStablecoins are cryptocurrencies whose value stands as a compound (pegged)\nwith some traditional currency, commodities (e.g. gold, silver…) or\nsome other financial instrument. The most famous stablecoins\nthe dollar, which is the tehter’s usdt<\/a> (\nyou can buy on our kriptomat), Circle’s USDC and Binance-\nthis bus. The teams behind these coins claim that every\nThe coin that exists in circulation has a coverage worth one\ndollars. This means that if you decide to sell at any time\nsome of the above stablecoins you can do this at a price\nfrom one dollar. Stablecoins offer alternative to leading crypto\ncurrencies such as bitcoin and ethereum, and their biggest advantage is that\nIt’s not nearly as volatile as other cryptocurrencies.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Source: https:\/\/cointelegraph.com\/explained\/stablecoins-explained<\/a><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Why were stablecoins created?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tIn the past when you sold some cryptocurrency on an exchange, received\nyou have the requested currency into your bank account. This means that every time\nyou were selling or buying cryptocurrencies you needed your bank. In order to\nhas avoided this need for banks within the crypto market made\nwith stablecoins. This has made it easier to trade cryptocurrencies, and\na larger number of pairs, i.e. the emergence of a larger number of altcoins. Another\nthe advantage obtained from the creation of stablecoin is the possibility of\nwithdrawing some traditional currency to your crypto wallet. That means\nthat if you own a stablecoin (e.g. USDT) you can withdraw it\non a crypto wallet whose keys are controlled by you. This is you\nallows you to have a stable currency such as the dollar, in your\nwallet and do not depend on the exchange office or bank. The only problem with this\nthe method is that the team behind the stablecoin you keep on your\nwallet at any time can freeze (blacklist) your\naddress.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Source: https:\/\/cointelegraph.com\/news\/visa-s-crypto-strategy-targets-stablecoin-settlements<\/a><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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What is the best stablecoin?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tWhen we talk about the best stablecoin, it is necessary to know what we\nstablecoin is needed and how long we plan to keep it. If we\nis required liquidity with another cryptocurrency, it is likely\nThe best option of Tether’s USDT. On the other hand, if we want to be\nsafer, long-term Circle’s USDC should be somewhat safer with\nBecause it is highly regulated in the U.S., so it shouldn’t have\nproblems with losing connection, i.e. peggs, with the dollar. Sure, more\nwe are not always fully regulated, safe and credible\nstablecoin, you will need to additionally work with regulators in order to\ncame to the final solution.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Source: https:\/\/cointelegraph.com\/news\/jewel-bank-polygon-to-launch-bermuda-s-first-usd-backed-stablecoin<\/a><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Decentralized stablecoins<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tOne type of stablecoin that appeared not so long ago are\ndecentralized stablecoins. These cryptocurrencies claim to be successful\nTake over Bitcoin’s decentralized nature, and merge it with value\nsome traditional currencies such as the dollar. The most famous example\nThis type of decentralized stablecoin is UST, but if you look at it\nYou will see that the price of UST does not equal one dollar. Namely, after\nfinding numerous problems related to UST, stablecoin has lost\npeg, i.e. the junction with the dollar and the price fell. This led to the\nthe collapse of the entire Terra ecosystem and in just a few days investors\nThey lost over $40 billion. There are numerous reasons for\nthis fiasco, but one thing is obvious, decentralized stablecoins are still in\ndevelopment and will probably take some time to find\nthe balance between decentralization and security in order to gain\ninvestor confidence.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Source: https:\/\/cointelegraph.com\/tags\/stablecoin<\/a><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The great advantage of stablecoin<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tWith the advent of stablecoin, a solution has emerged for citizens of countries with high\nthe rate of inflation. Recently, inflation has been all around us.\nThere are countries whose currencies are affected by triple digits\nInflation. The citizens of these countries do not have too many solutions for\nthis new problem. Bitcoin was originally created.\nto solve this problem, it is still too volatile and insecure.\nThis is where stablecoins come into play. The citizens of these countries are full of\nmore convenient to keep savings in digital dollars, which currently\nInflation is slightly more than 6% than in domestic currencies.\nthe value of which changes drastically from day to day. Still, this is far away\nfrom the long-term solution, since we all know full well that everything\nThe world’s currency is gradually moving towards zero. The only right long-term\nthe solution is a currency with a limited supply, which is precisely Bitcoin.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Source: https:\/\/cointelegraph.com\/news\/after-terra-s-fall-to-earth-get-ready-for-the-stablecoin-era<\/a><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Problems with stablecoins<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThere are numerous problems with stablecoins, from what they\ncentralized, up to the possibility of lost connections, i.e. pegga s\nproperty to which they are attached. Arguably the biggest problem is\nlack of transparency of their coverage. Teams that issue these stablecoins\noften keep some data private, so we can not with certainty\nto confirm the coverage of the same. This creates fear of investors and pushes some\nthe type of uncertainty due to the possibility of a lost link with an asset for which\nThey’re tied up. For example, arguably the largest stablecoin USDT, which issues\nTether, it’s still not fully covered by the dollar but by various\nthe value of which can be oscillated. Probably all USDT coins\ncovered, but there are also probably days when derivatives that\nUSDT covered have fluctuations in price and if a sale is requested\nAll of the USDT coins, the Tether Foundation would not have enough money to\npay off all coin holders. However, it is unlikely that USDT users will claim redemption over seventy in one day\nbillions of dollars worth of USDT.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Source: https:\/\/cointelegraph.com\/tags\/stablecoin<\/a><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Central Bank Digital Currency (CBDC)<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe Central Bank of England is a digital currency that\nIssued by central banks around the world. They are currently in development in the United States-\nin the European Union and some other countries. With a view to making them\nthe bank’s value would be tied to the currency that\nThe bank manages. The idea of these currencies is the absolute control of the bank over the\nthe user’s money. The problem that many people see is absolute.\ncontrol that banks and governments could abuse. They would have\nthe possibility of freezing the funds of users, who say do not agree with\nsome new rules. This is precisely why it was created\nBitcoin. Decentralized, autonomous currency, where access to your\nOnly you have the means.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Source: https:\/\/cointelegraph.com\/news\/draft-us-stablecoin-bill-would-ban-new-algo-stablecoins-for-2-years<\/a><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Conclusion<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tStablecoins have emerged as a mixture of cryptocurrency and traditional\nCurrency. Nowadays, it will be difficult to get deeper into the crypto market without\nowning stablecoins, therefore we recommend that you\nget administrative on our cryptomates. Stablecoins use\nblockchain technology, and thus transactions are made publicly\nin the meantime, on the other hand, the stability of the\nThey offer traditional fiat currencies. The biggest problem is the lack of regulation and\nuncertainty due to lack of records of coverage of these coins I make\nCurrencies. One thing is obvious, the central banks have recognized this\na fast-growing part of the crypto market, and they themselves became interested in\ndeveloping their digital currencies. So-called CBDCs, which banks\ndevelop, could drastically reduce the freedoms of the individual, from the previous\nFor these reasons, we must resist them.\nWe hope you enjoyed reading today’s blog, and we would love to share your experiences with stablecoins with us on our\nsocial networks (Twitter<\/a>, Instagram<\/a>).\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

What is a stablecoin? Stablecoins are cryptocurrencies whose value stands as a compound (pegged) with some traditional currency, commodities (e.g. gold, silver…) or some other financial instrument. The most famous stablecoins the dollar, which is the tehter’s usdt ( you can buy on our kriptomat), Circle’s USDC and Binance- this bus. The teams behind these […]<\/p>\n","protected":false},"author":1,"featured_media":4545,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[42,43],"tags":[],"class_list":["post-5260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-essentials","category-cryptocurrencies"],"acf":[],"yoast_head":"\nWhat is a stablecoin and how does it work? - Kriptomat<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kriptomat.hr\/en\/what-is-a-stablecoin-and-how-does-it-work\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is a stablecoin and how does it work? - Kriptomat\" \/>\n<meta property=\"og:description\" content=\"What is a stablecoin? Stablecoins are cryptocurrencies whose value stands as a compound (pegged) with some traditional currency, commodities (e.g. gold, silver…) or some other financial instrument. The most famous stablecoins the dollar, which is the tehter’s usdt ( you can buy on our kriptomat), Circle’s USDC and Binance- this bus. 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Stablecoins are cryptocurrencies whose value stands as a compound (pegged) with some traditional currency, commodities (e.g. gold, silver…) or some other financial instrument. The most famous stablecoins the dollar, which is the tehter’s usdt ( you can buy on our kriptomat), Circle’s USDC and Binance- this bus. The teams behind these […]","og_url":"https:\/\/kriptomat.hr\/en\/what-is-a-stablecoin-and-how-does-it-work\/","og_site_name":"Kriptomat","article_published_time":"2023-03-03T13:14:37+00:00","article_modified_time":"2024-06-19T11:26:35+00:00","og_image":[{"width":2560,"height":1440,"url":"https:\/\/kriptomat.hr\/wp-content\/uploads\/2023\/03\/coinwire-japan-iNOavZh6dQ8-unsplash-scaled.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kriptomat.hr\/en\/what-is-a-stablecoin-and-how-does-it-work\/#article","isPartOf":{"@id":"https:\/\/kriptomat.hr\/en\/what-is-a-stablecoin-and-how-does-it-work\/"},"author":{"name":"admin","@id":"https:\/\/kriptomat.hr\/en\/#\/schema\/person\/7081b4e4a0122307289da1de1559a2ca"},"headline":"What is a stablecoin and how does it work?","datePublished":"2023-03-03T13:14:37+00:00","dateModified":"2024-06-19T11:26:35+00:00","mainEntityOfPage":{"@id":"https:\/\/kriptomat.hr\/en\/what-is-a-stablecoin-and-how-does-it-work\/"},"wordCount":1270,"commentCount":0,"publisher":{"@id":"https:\/\/kriptomat.hr\/en\/#organization"},"image":{"@id":"https:\/\/kriptomat.hr\/en\/what-is-a-stablecoin-and-how-does-it-work\/#primaryimage"},"thumbnailUrl":"https:\/\/kriptomat.hr\/wp-content\/uploads\/2023\/03\/coinwire-japan-iNOavZh6dQ8-unsplash-scaled.jpg","articleSection":["Crypto Essentials","Cryptocurrencies"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/kriptomat.hr\/en\/what-is-a-stablecoin-and-how-does-it-work\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/kriptomat.hr\/en\/what-is-a-stablecoin-and-how-does-it-work\/","url":"https:\/\/kriptomat.hr\/en\/what-is-a-stablecoin-and-how-does-it-work\/","name":"What is a stablecoin and how does it work? 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