We're taking a closer look at stablecoins this week with a new fact every day. Let's kick it off:
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There are a few different types of #stablecoins, the main ones being dollar-backed stablecoins and algorithmic stablecoins 💲
#Voyager #5DaysOfStablecoins $USDC $DAI
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$USDC, a dollar-backed #stablecoin, is backed by cash reserves and treasuries, which inherently makes it stable and allows it to maintain a 1:1 value to the US dollar 💵
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Did you know that $USDC was developed by , a global financial technology firm? Their goal was to bridge the gap between the traditional financial system and evolving #blockchain tech.
#stablecoins #crypto4all
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Not all #stablecoins are created equal. Algorithmic coins are not backed by fiat. Instead, they are stabilized by smart contracts that manage the supply of tokens in circulation.
Learn the difference on our Node Blog:
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lol nobody cares about this right now. It’s been over 8 hours since the trade paused and not one update. We want to know when trade will resume and also LUNA 2.0.
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That’s why I try to not to use CEX. LUNA has been traceable this entire time. I already dumped my $LUNC after snapshot.
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It's easy to prove that Circle is lying about its reserves. They want provide attestations weekly. So, the responsible company has to calculate more than $50b to every cent weekly. Who will do this? Someone who is well paid and who has no other job. Some mid-level dubious company
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