📚 OSL Crypto Bits 101: Stablecoin

What are Stablecoins?
💵 Cryptocurrencies pegged to stable assets (e.g., fiat) to ensure price stability
🔒 Ideal for transactions, value storage, and promoting crypto adoption

Types of Stablecoins
💰 Fiat-backed: Supported by fiat reserves
🔐 Crypto-backed: Backed by crypto in smart contracts
🤖 Algorithmic: Stabilized by algorithms
🔄 Hybrid: Combines fiat and crypto reserves
🏅 Commodity-backed: Pegged to assets like gold

Why They Matter
💧 Enhance liquidity on exchanges and DeFi platforms
🌍 Simplify cross-border transactions
📈 Offer stable yields and financial services to the unbanked
🏷️ Serve as a benchmark for crypto pricing

#Stablecoins #DigitalAssets