Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Workbit - Freelance platform
by
SunRey
on 07/01/2021, 12:10:07 UTC
What are these types and what are their functions?
The most popular type of stablecoin is one that is directly pegged to fiat currency at a 1: 1 ratio. We also call this fiat-backed stablecoins. The central issuer (or bank) stores a certain amount in reserve currency and issues a proportional amount of tokens.