Stablecoins Stablecoins are digital currencies that aim to be non-fluctuating assets similar to regular currencies used across countries to buy goods and services. The national currencies issued by governments are important in making economies function as, despite inflation, fluctuating exchange rates, and other factors, the value of most of these currencies do not fluctuate much… Continue reading Uncovering Stablecoins
Dai is a cryptocurrency-backed stable coin that can be generated by keeping any asset as a collateral in the protocol. According to the whitepaper of Maker protocol, Dai is a decentralized, unbiased, collateral backed cryptocurrency soft pegged to the US dollar. Read more in this article.
Curve finance is a decentralized exchange which facilitates the swapping of crypto-tokens. But it is specifically designed for stablecoins like DAI or USDT with low slippage and low transaction fee while using the liquidity pools like those of Uniswap. Read more in this article.