HomeStablecoinsUnleashing the Surprising Truth About Stablecoins and Cryptocurrency

Unleashing the Surprising Truth About Stablecoins and Cryptocurrency

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And I’d recommend and look at stablecoins as well. So like things like DAI, for example, and DAI. And what’s stablecoins? Is it a type of cryptocurrency? It is a type of cryptocurrency. It’s a type of cryptocurrency that’s issued by a smart contract, one of these Ethereum computer programs where the smart contract holds a bunch of Ether, and then it basically that people deposit. And then it issues DAI, and the reason why people deposit is because they want to kind of go high-level or John the Reuther. And so it kind of pairs these two sets of users, one that wants stability and one that kind of wants extra risk together with each other. And it basically creates or gives one set of participants a guarantee that they have this asset that can be a leader converted back into Ether, but specifically at the $1 rate.

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