What is a Stablecoin? Most Comprehensive Video Guide





What is a Stablecoin? Most Comprehensive Video Guide

Stable coin” is a term used in cryptocurrency to describe cryptocurrencies meant to hold stable values. For example, Tether (USDT) is a blockchain based asset meant to trade for $1 USD. Tether is a “price-stable cryptocurrency” that is “pegged” to the U.S. dollar.

There are a number of stable coins in circulation today, and a number more have been attempted in the past (with varying degrees of success).

Each stable coin has a unique set of mechanisms, but they all generally work the same way: They hold collateral of some type and manage the supply to help incentivize the market to trade the coin for no more or less than $1. For some, like Tether or TrueUSD, the concept is to hold actual dollars in reserve that are redeemable for the token. For others, like Dai, they hold crypto assets in reserve and have a lending system.sing value due to price volatility—one of the reasons why cryptocurrencies haven’t been widely adopted yet. The likes of bitcoin, Ethereum and Litecoin have been used severally for transactions involving online payments. They have, however, not been reliable for making day-to-day transfers due to high volatility in price.

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27 comments

  • Wish I bought usdt 2 years ago

  • How do I get my USDC $81 out without paying so much in Eth fees?

  • "it is less a peg than just a digital representation of a dollar" can you elaborate on this? I'm having difficulties wrapping my mind around this

  • I really hope the audio has been sorted out – full volume and can't hear anything

  • Hgreat video, ive subscribed 👍 just a quick question id appreciate you answering for me.

    Whats the use case/ purpose of people using a stablecoin over their fiat currency if it has the same value? Ie why pay 1 x GUSD & pay fees when i can transfer 1 x USD with no fees and from my bank? Especially if 1 GUSD = 1 USD?

    Im failing to see why people would use stable coins in everyday life over using their bank card online for example.

    Id appreciate you getting back to me.

    Thanks
    Darren 🙏

  • Why do we want a coin that’s backed by the collapsing USD? That is to say, the purchasing power of the USD is weak and far weaker in the future. So why would I want to get dollars, and IS USD the standard value? “Like USD” was a vague description. I’m sorry I missed the reasoning but I do want to understand better :

  • Thank you so much. Well presented and very educating.

  • What's the point of fiat-backed crypto?

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  • My parents bought a 3 bedroom, 2 bathroom home in 1970 for $17,000. That's not a typo. $17,000. The U.S. dollar is stable? Don't make me laugh.

  • Guys, do you use the stablecoin USDQ besides USDT(or what alternative?) Because it is
    impossible fee on Ethereum

  • Thank you so much for this review. I saw all your videos and i see that you are professional!
    What do you think about SpaceSwap project ? Is it true? It is interesting to hear your opinion about it.

  • Very informative, thanks! Most perspective and my favorite stablecoin is Gold https://gold.storage Really perspective project! Did you know about it?

  • For the last 9 months, I have been telling people to take a look at USDQ… But they just never listen.

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  • Hey guys if you are planning to buy stable coins, you can also purchase Digital gold backed by real gold! Digital Gold is under Ethereum's smart contracts built by Ambisafe which is an expert in Blockchains. If you consider purchasing, head to https://gold.storage/

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  • This stable currency is a joke, it’s all relative, dollar is volatile as well but we all accepted it as one to it self and never changing. If tomorrow we switch to a Bitcoin we won’t have any problem cryptocurrency’s are only volatile while compared to a fiat currency. We “decide” what’s the value of something by trading it and using it in our every day economy

  • Stablecoins that are backed by the USD are useless for investment. You are still 100% attached to your bank dollars that are losing between 2-3% per year at a minimum.

  • Tether is not backed 1:1 by USD, it's not redeemable, and fluctuates significantly from $1

  • Speculation helps stabilize prices. The operation by the Fed does not stabilize the value of the US$, it helps create inflation and uneven distribution of wealth.

  • Quiet impressive & informative. First thank you for such a wonderful video. Stablecoins are really a advantage while using cryptocurrency & it becomes safe zone. I hope so.. Okay, here while I was searching for a good stablecoin development service provider for cryptos and i came across Developcoins, they provide service at affordable cost… Reach them @whatsapp – +91 9843555651, developcoins.com/smart-contract-development

  • The best stable coin is in my opinion the gold token. Here it is possible to buy gold in a digital form. https://gold.storage

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