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Primer: Becoming A Fiat-Backed Stablecoin Maxi [Report]Download Now
There are three main types of stablecoins:
- Fiat-backed stablecoins (or “fiat-collateralized” stablecoins): backed by fiat collateral, often a reserve or liquid collateral.
- Over-collateralized stablecoins (or “anchored” stablecoins): often backed by a basket of currencies, which may or may not include other stablecoins or cryptocurrencies.
- Algorithmic stablecoins (or “reflexive” stablecoins): governed by algorithm (or algorithms) which adjusts the token’s supply based on demand; may or may not be supported by any type of collateral.
This primer focuses on fiat-backed stablecoins. We will provide an overview of the biggest USD stablecoins, discuss their major defining moments, and closely examine what happens when tokens depeg.
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