4:20 yeah so essentially they are trading their venezuelan currency for other currency aka euro,dollar etc. so what if those currencies collapse? crypto stable coins are pegged to mentioned currencies that cannot still fight inflation.
How do stablecoins protect against currency devaluation if they are literally pegged to USD. Isn't that kind of the point of crypto. And crypto already makes it easy to send $ to others. I guess theu are more "palatable" to boomers?
The community aspect of cryptocurrency is so important; thanks for addressing it.
Thanks man! I really enjoyed how u explained the concept so explicitly!
isn't DAI decentralized ? not clear at 10:43
DAI is partially collateralized with USDC afaik.
Useful video, thank you! For novice crypto traders, it is important to know the advantage of USDT
This is exactly what I needed to understand DeFi better!
Great content! Would like to see you cover the challenges and opportunities of stablecoins for central banks worldwide
Great content. Would like to see you cover which layer1 blockchain can be the trend during the next bull market.
4:20 yeah so essentially they are trading their venezuelan currency for other currency aka euro,dollar etc. so what if those currencies collapse? crypto stable coins are pegged to mentioned currencies that cannot still fight inflation.
When I studied Tether, I became very familiar with how stablecoins work.
This video motivated me to invest in my first cryptocurrency!
Step Finance is taking all the right steps-can’t wait to see what’s next!
"That right is reserved for the US government" - OHHHHHHHH DAMN! loved it
Great vid
Love how Solana is empowering developers and creators with its robust platform, especially step finance , woow
This never explained the non-algorithmic 'ponzi Stablecoin'
Your predictions about the future of Bitcoin are intriguing.
Tons of stablecoins, nothing else to choose from, one Tether and that's it
It is enough to get familiar with Tether and that's all you need to know about stablecoins.
No matter how good I feel about all stable coins, the best remains Tether anyway
Does this mean if the dollar and / or banks crash. My stable coins will still hold value?
This video will need some serious updating/revising, once the USD and the EURO become worthless...
What was the first coin you bought yourself? from the stable... i'm tether
Not so much I store tokens in my BFX wallet
I want to buy as much Tether as possible and wait for something special
It is important for novice crypto traders to know about stable coins. Tether is very useful for trading and buying cryptocurrencies.
How do stablecoins protect against currency devaluation if they are literally pegged to USD. Isn't that kind of the point of crypto.
And crypto already makes it easy to send $ to others.
I guess theu are more "palatable" to boomers?
🇵🇰 پاکستان زندہ باد 🇵🇰 🌍🌎🗺
You still poor?
Do Kwon: YES 😭