Recently, there has been a lot of talk about stablecoins, particularly the Pegging & De-pegging of Stablecoins or one of the most popular stablecoins, USDC.
Basically, stablecoins are a type of cryptocurrency that aims to maintain a stable value against a pegged asset, such as the US dollar, by backing the token with reserves of the underlying asset. However, stablecoins are not immune to market volatility.
Basically, stablecoins are a type of cryptocurrency that aims to maintain a stable value against a pegged asset, such as the US dollar, by backing the token with reserves of the underlying asset. However, stablecoins are not immune to market volatility.
