There is needed for categorization of stablecoins, where, to be clear, there are generally three varieties of stablecoin: 1. Centralized fiat collateralized (USDT, USDC), 2. Crypto collateralized (DAI, sUSD) and 3. Algorithmic stablecoins (UST, IRON, USDD). Amongst the asset-backed stablecoins, Tether USDT is the biggest, followed by USDC. However, the algorithmic stablecoins, those are the ones that are blowing up,…
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