Collateralised, Algorithmic, and Hybrid

This lesson is for enrolled learners

The concept Every stablecoin promises the same outcome — a token that reliably tracks one dollar — but the mechanism behind that promise varies enormously, and the mechanism is where the risk actually lives. Fiat-collateralized stablecoins (USDC, USDT) are issued by a company holding off-chain reserves — cash and short-term government debt — and minting/redeeming tokens 1:1 against those reserves.……

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