Written by Emaad

On April 17, 2020

What are stablecoins?

Stablecoins are cryptocurrencies that are pegged 1:1 to local fiat currency, such as the US Dollar. This peg is maintained by collateralized assets held as crypto or fiat in traditional bank accounts.

Other cryptocurrency lessons:

What is crypto lending?

What is crypto lending?

Users on DeFi platforms can access loans pegged in stablecoins by collateralizing their crypto holdings. This enables people access to the USD value of their crypto holdings without having to sell their assets. When they are able to pay back the loan, their assets are...