In other words, anyone that wants to benefit from advantages of blockchain technology (transparency, security, immutability…) without losing guarantees (e.g. trust and stability) provided by fiat currencies needs a stable cryptocurrency.Types of Stablecoins
Three main categories of stablecoins exist — all very well detailed in overviews previously mentioned, which we will use to categorize in the mapping to follow:by Haseeb Qureshi, “Stablecoins: designing a price-stable cryptocurrency” Fiat-collateralized
IOU “Centralized” stablecoins / backed by fiat currencies or commodities collateral-backed. Examples of these include Tether, USD Coin, Gemini, and Digix.Crypto-collateralized
IOU “Decentralized” stablecoins / backed by crypto and/or multiple assets, collateral-backed. Examples of this kind of stablecoin include MakerDAO, Steem, and Alchemint.Non-collateralized
Seigniorage Shares / Decentralized Bank / Algorithmic stabilization mechanisms. Examples of this kind of stablecoin include Terra, Ampleforth, and Element ZeroThe Most Popular Blockchain for Stablecoins:
Ethereum is the clear stablecoin leader with 33 stablecoins develope...