About stable coins!
After yesterday’s post I received questions about a stable coin. So let’s make things clear 😊
There are some stable coins on the market such as Tether, TrueUSD, BitUSD and so on.
A stable coin is a crypto coin at a fixed rate. There are three types:
• Backed by fiat (BitUSD, TrueUSD)
• Backed by digital currency (BitUSD, Dai tokens)
• Unbacked (Seigniorage shares)
There is a line of thinking that stable coins could become an alternative to the fiat currency for the citizens of countries with no stable economic climate.
I love it when you ask me questions ❤️😊
Let’s do another question session: from Wednesday 26 until Friday 28 December - ask me a question and as usual I will publish the 5 most interesting but will answer everybody guys, I promise 😊🤟 Let’s play 🤩
According to the co-founder of major cryptocurrency Ethereum (ETH) - Joe Lubin, the crypto market’s bottom “is marked by an epic amount of fear, uncertainty, and doubt.” Specifically this refers to industry, media and social commentators.
Also, Joe added that despite major layoffs, ConsenSys (another of his firm’s) will continue investing in projects. He will save its role as a blockchain tech incubator and venture firm.
In the same Twitter thread, Lubin referred to “an epic amount of conjecture and pre-emptive paranoia”. And with this he is referring to: “situations journalists and bloggers don't have real data for, actual insight into, or understanding of.”
But in these last words, Lubin has provided optimism for the future of ConsenSys and Ethereum.
And today we are gonna add Ethereum to our portfolio!