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izqui
3409 days ago
A stable coin is a crypto asset that is backed by a real value.
If you own 1 EthUSD, there is a warranty that someone will give you 1 USD for that token
3 comments
joosters
3409 days ago
A
real-world
warranty, which means you can't rely on it. You might own as many EthUSD tokens as you want but you can never be sure that someone will buy them from you at the 'fixed' price.
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mypalmike
3409 days ago
This is sarcasm, no?
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plttn
3409 days ago
So a meta-fiat currency?
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