SAFE STABLE COIN USDT/USDC/BUSD/GUSD...
ABOUT STABLE COINS
Stablecoins are supposed to be less volatile alternatives to typical cryptocurrencies.
Stablecoins play an important role in the crypto economy. They are cryptocurrencies designed to maintain a steady value pegged to an underlying asset that's more stable, like a national currency. Specifically, many of the most popular stablecoins on the market are pegged to the U.S. dollar. Their existence also allows more digital asset trading on crypto exchanges, bringing more liquidity into the crypto market. Unfortunately, stablecoins don't always act as they should: On May 9, the third-largest stablecoin, TerraUSD (UST) began to violently "de-peg" from the U.S. dollar, trading for as low as 30 cents on the dollar in subsequent days as large blocks of UST were sold, sparking fear. In light of that volatility, here are five of the best stablecoins to consider.
Fantom Stablecoin DEI Becomes Latest to Lose Dollar Peg
DEI lost as much as 46 cents in European hours this morning. It follows a trend of several algorithmic stablecoins losing their pegs.
LINK :-
https://www.coindesk.com/markets/2022/05/16/fantom-stablecoin-dei-becomes-latest-to-lose-dollar-peg/
The world’s biggest stablecoin has dropped below its $1 peg - USDT
KEY POINTS
1 . Tether sank to as low as 95 cents on some crypto exchanges Thursday morning.
2 . It’s meant to be pegged 1-to-1 to the U.S. dollar.
3 . Tether’s decline came after terraUSD, a different stablecoin, plummeted below 30 cents.
LINKS:-
https://www.cnbc.com/2022/05/12/tether-usdt-stablecoin-drops-below-1-peg.html