Post
Topic
Board Altcoin Discussion
Re: Are stablecoins safe?
by
Eureka_07
on 26/11/2022, 20:54:35 UTC
<snip>
Tether (USDT) is different from these algorithmic stablecoins.
Algorithmic stablecoins are backed by other coins to maintain its price to it's promise value. That is one reason why it is less trustworthy than USDT which used its own reserves to buy back and regain being 1:1 to US dollar.