Again no, stable coin is a term, but I see how it could be confused. It’s in reference to a token backed by some other store of value. So an agreement that x number of a cryptocurrency can be exchanged for x number of dollars/yuan/etc.
That’s fair while they do have statically more stability then the crypto they are pegged too they are still more volatile then USD. It would be interesting to see the reserve size to volatility ratio of different currencies to see how they compare.
Again no, stable coin is a term, but I see how it could be confused. It’s in reference to a token backed by some other store of value. So an agreement that x number of a cryptocurrency can be exchanged for x number of dollars/yuan/etc.
i am aware, yet i have yet to see a single one actually stay stable and not crash than again, im not a crypto gal and making sure i never will be
That’s fair while they do have statically more stability then the crypto they are pegged too they are still more volatile then USD. It would be interesting to see the reserve size to volatility ratio of different currencies to see how they compare.