Everything You Ever Wondered About Stablecoins

Bitcoin and cryptocurrency market cap has been quite volatile ever since the initiation of the Bitcoin Genesis block, back in 2009. Stablecoins are digital currencies developed to minimize the volatility of the price of set stable coin. They are not intended as an investment vehicle, but rather a safeguard towards the underlying value of the pegged asset (b.g. US Dollar, gold, USDT) Stable coins can be pegged to a stable asset, like the US Dollar or to exchange traded commodities, like precious metals. In 2019, Tether started mitigating from OMNI to the Ethereum blockchain.