Stablecoin Collateral: Why You NEED To Pay Attention!! (Ep 208)
Coin Bureau
Stable Coins - Are They Legit?
stable coin issues have historically not been very transparent about whether their tokens are fully backed by dollars. This has led to a lot of stable coin competition in the crypto space, with each new fiet backed stable coin company claiming that its tokens are backed by more dollars than its competitors tokens. When fet back stable coins are burned, this means that someone somewhere went to the company behind the stable coin and gave them tokens in exchange for dollars which then takes those dollars out of circulation. Not having sufficient dollars in the bank means not everyone would actually be able to convert their digital dollars into physical dollars. The three largest stable coin issues all recently revealed these details,. which means we can finally assess which of these
