mustard57@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 24 days agoELI5 stablecoinsmessage-squaremessage-square13linkfedilinkarrow-up126arrow-down11
arrow-up125arrow-down1message-squareELI5 stablecoinsmustard57@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 24 days agomessage-square13linkfedilink
minus-squareVeryFrugal@sh.itjust.workslinkfedilinkEnglisharrow-up5·24 days ago how are stablecoins better than just plain ol’ bitcoin? They’re not better. They’re fundamentally different. How do they keep the value at $1 USD? That’s the secret. They don’t. All we have is a said pinky swear. Stable coins are not truely stable. But what is? USD is not truly stable in terms of its value either.
They’re not better. They’re fundamentally different.
That’s the secret. They don’t. All we have is a said pinky swear. Stable coins are not truely stable.
But what is? USD is not truly stable in terms of its value either.