What Are Stablecoins?
Stablecoins are a type of cryptocurrency that actually has an intrinsic value. That's because they're pegged to the U.S. dollar - generally. You give the issuer a dollar, and you get a stablecoin. But, what's the point of that? If a stablecoin is backed by the dollar, why not just use dollars? It's because stablecoins make it easier to transact on the blockchain. And it turns out to be a pretty lucrative business, similar to an insurance company. Today's video will teach you all about stablecoins, their purpose, and what to watch out for.
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The skinny
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