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Five Stablecoins, Four Chains: What Each One Is and How to Get It

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TLDR: These five tokens all sit at about a dollar, and only three of them are backed by dollars. USDC and USDT are cash and government debt held by a company. USDG is the same idea run by a consortium. DAI is backed by crypto locked in a pr…

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Five Stablecoins, Four Chains: What Each One Is and How to Get It
Coinmonks 1h ago

Five Stablecoins, Four Chains: What Each One Is and How to Get It

TLDR: These five tokens all sit at about a dollar, and only three of them are backed by dollars. USDC and USDT are cash and government debt held by a company. USDG is the same idea run by a consortium. DAI is backed by crypto locked in a pr…