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Nickel Bitcoiner
Nickel Bitcoiner
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Joined: Mon Apr 26, 2021 1:33 pm

What are the types of stablecoin?

Mon Apr 26, 2021 1:49 pm

Stablecoins are generally known for its name, its a sort of cryptocurrency which is used to stabilize the cryptocurrency value. These stablecoins are formed by pegging the tokens with some real-world asset like fiat, gold, etc.

Generally, there are four types of stablecoins they are,
Fiat-backed Stablecoin
Commodity-backed Stablecoin
Crypto-backed stablecoin
Non-Collaterlized stablecoin

Know more about stablecoin development in detail, click Developcoins.

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