Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.
There are two types of stable coins. Those that are backed by gold, other crypto currencies or dollars and those that are algorithmic and don't have any collateral.
Algorithmic stable coins (AMPL, BAC и ESD) depend a lot on the general market situation, as if there is a panic on the market, it is very difficult for them to stay stable, so they collapse more often.