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The crash of Terra’s UST, the third-largest stablecoin at the time, triggered a wave of panic selling that briefly broke Tether’s peg, dropping its value to 92 cents on some exchanges.
Stablecoins have several purported purposes. They can be used for payments and are more likely to retain value than highly volatile cryptocurrencies. In practice, many stablecoins have failed to retain their "stable" value. [citation needed] Stablecoins are typically non-interest bearing and therefore do not provide interest returns to the holder.
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Cryptocurrency has one major drawback for investors: it is highly volatile. A form of crypto with its value tied to a currency reduces this issue. Enter stablecoins.
Stablecoins in circulation are now worth more than $120 billion, according to coinmarketcap.com. The key risks being examined revolve around stablecoins’ susceptibility to runs like money-market ...
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Stablecoins are increasingly being taken seriously as a potential part of the U.S. financial system, though how the digital assets should be regulated is still being debated by officials and ...
However I would argue that, as there is a list of cryptocurrencies which happens to only include the USDT stablecoin, there is some merit to having a dedicated list of stablecoins that has the value of providing an overview. In regards to the notability of individual coins on that list I would say that perhaps only rUSD is too small of a ...