Episode Details

This story was originally published on HackerNoon at: https://hackernoon.com/are-top-stablecoins-fallible-theyve-crashed-in-the-past.
Stablecoins feel steady, but their history shows bumps, rules, surprises, and lessons on staying safe. Let's see what works, and how to protect your funds.
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #stablecoins, #fiat-pegged-stablecoins, #algorithmic-stablecoins, #tether, #usdc, #terra, #obyte, #good-company, and more.

This story was written by: @obyte. Learn more about this writer by checking @obyte's about page, and for more stories, please visit hackernoon.com.

Stablecoins are digital assets created to have a stable value (typically $1) and mimic the price of a real-world asset, often the U.S. dollar. They have proven in the past that they can definitely be disrupted through catastrophic events such as price crashes, depegs, and liquidity challenges.