Stablecoins: a combination of crypto and fiat currency standards

Stablecoins: a combination of crypto and fiat currency standards

At the dawn of cryptocurrencies, it was extremely difficult to make transactions between different types of crypto assets or between fiat currencies (for example, US dollars, euros, Japanese yen) and cryptocurrencies. Legitimate and trustworthy cryptocurrency exchange companies were in short supply, and decentralized exchanges supported by decentralized finance (DeFi) had not yet been created. Both … Read more