Can you trust stablecoins?
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Can you trust stablecoins?
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About this listen
The purpose of a stable coin is to track the price of some other asset, most commonly, the US dollar. They are crypto currencies just like any other crypto currency, but the central authority that issues them explicitly and deliberately manipulates the market to maintain a desired price. Most stable coins claim to be backed by other assets, which they can use to settle redemption requests or trade with market participants to maintain the price peg.
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