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Wednesday, March 9, 2022

What are Stablecoins

Warning: Please read our disclaimer. Do your own research. Our contents are informational purpose only. Even the congress is yet to understand and fully study the use and effect of stablecoins. We are not able to verify external resources like these below.

Decrypto guide to stablecoins 

https://decrypt.co/resources/stablecoins

Coindesk : "stablecoins are used for trading, lending and borrowing, but the report added that these tokens may eventually become a means of payment for businesses and households. Another footnote specified that the report is not addressing any potential stablecoin issues under federal securities or commodities laws, but the report itself did acknowledge the SEC and CFTC's authority to oversee stablecoins that meet the provisions of these laws. The legislation would apply to stablecoin issuers that are headquartered in the U.S., operate stablecoins that people in the U.S. can access or otherwise have"

Watch out not all stablecoins are collatoralized 

Crypto.com What are Stablecoins :  https://crypto.com/university/what-are-stablecoins

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