Opinion by: William Campbell, advisory lead at USDKGStablecoins were heralded as a breakthrough in the cryptocurrency space as a way to marry the lightning-fast, borderless nature of digital assets with the stability of traditional currencies. They achieve this by pegging their value to reserves like fiat currencies or commodities. Stablecoins are engineered to maintain a fixed exchange rate, typically one-to-one, with the underlying asset. What does “stability” mean? At its core, stability demands three pillars:Reliable collateral: The tangible assets that back the token
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