2min chapter

Plain English with Derek Thompson cover image

Crypto Crash Part I: The Case Against Crypto

Plain English with Derek Thompson

CHAPTER

Cryptocurrency - Stable Coin?

Stable coin is an aspirational term. It means we hope that this crypto currency has a stable value. But as we've learned in the last six months, it hasn't necessarily had a stablevalue. Some of these stable coins have started to become a little bit volatile. And then there are algarhythmic stable coins,. which rely on smart contracts, an other crypto and that. That is, and i'm not trying to be ungenerous here, a fiction based on a fiction.

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