Sublime

Tether (USDT) pegs itself to $1 by maintaining reserves of $1 per Tether token minted. While Tether is the largest and most widely used USD stablecoin with daily trading volumes averaging approximately $113 billion in March 2021, Tether reserves are kept in financial institutions with little oversight, thus users will have to trust Tether as an ent

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The idea behind the creation of Synths is similar to the creation of DAI on Maker. You first have to stake ETH as collateral on Maker’s smart contract before being allowed to create DAI based on the collateral posted. For Synths, you first need to stake the Synthetix Network Token (SNX), which acts as the collateral backing the entire system. SNX i

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Will stablecoin access fees be a material source of income for Ethereum and other token holders?  As stated above, stablecoins are generally backed 100% by liquid reserves and therefore do not result in any speculation on their prices. The larger centralized stablecoins such as USDC are not their own blockchains but instead are tokens that are... See more

Stablecoin payments are necessary for cost of living, taxes