Dec 07, 2022
EURS, EUROC, CEUR- Exploring alternative currency stablecoins.
the dollar index lost 5.2% in November, marking its worst monthly performance in 12 years. Hence, investors may begin to look toward other stablecoin options in 2022. Given the relative strength of the Euro, Euro-pegged stablecoins may dominate the choice among investors....
Sep 07, 2022
What is DAI? Is it an Algorithmic Stablecoin?
The short answer is no; DAI isn’t an algorithmic stablecoin. Algorithmic stablecoins are not backed by any form of collateral; instead, they aim to maintain the dollar peg with a self-sustaining mechanism, as explained above....
Jul 27, 2022
What is Algorithmic Stablecoin?
Algorithmic stablecoins are stablecoins that maintain their parity using a self-contained and decentralized economic protocol. They are built on an economic mechanism that allows them to maintain parity by increasing or decreasing the quantity of cryptocurrency by burning or mining tokens....