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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.
Here’s how stablecoins work, what risks they present and how to check if a stablecoin is safe.
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.
In organic chemistry, enols are a type of functional group or intermediate in organic chemistry containing a group with the formula C=C(OH) (R = many substituents). The term enol is an abbreviation of alkenol , a portmanteau deriving from "-ene"/"alkene" and the "-ol".
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 ...
Stablecoins could be facing rules akin to those that govern money-market funds, as well as new banking rules, as U.S. regulatory agencies step up scrutiny of these digital currencies.
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