Statistics report with key figures of different stablecoins, such as Tether (USDT)
Stablecoins - cryptocurrencies of whom their price is tied to the price development of another asset - are often used for crypto trading, and sometimes are used as an additional investment. This group of crypto hit the news in 2022, as one experimental coin caused a price collapse within the overall crypto market. How doe these coins work exactly, and which other coins exist outside of the popular Tether (USDT) and USD Coin (USDC)?
This report aims to provide an overview of the different types of stablecoins that exist in 2022, and how they are positioned within the crypto market as a whole. It focuses on the three main types of collateral that fuel these digital assets: fiat currencies, other crypto assets, and an algorithmic set up.
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