In this episode, I tell you all you need to know about what assets are backing the biggest stablecoins. First, I explain what stablecoins are and why they're so popular. Next, I look at the official reserves of Tether’s USDT, Circle’s USDC, and Paxos’s BUSD/PAX. Then, I go over all the assets backing these stablecoins. Lastly, I tell you which stablecoin has the best collateral.
If you don’t want to fall off the crypto wagon, follow this link (https://www.youtube.com/channel/UCqK_GSMbpiV8spgD3ZGloSw) to my YouTube channel! You will love it!
Disclaimer: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this podcast is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
