You are viewing a single comment's thread from:RE: In the long run, all tokens will value zero, even bitcoin or those that have a g ...View the full contextiamraincrystal (74)in DBuzz • 4 years ago how are stable coins different? sorry to ask 'coz I'm quite new to cryptocurrency...
Stablecoins are linked to value of corrupt fiat currencies. These are the ones which will go to zero, imo.
alas, something to think about. So if I get it right, stable coins are pegged against fiat currencies? So they get affected when there's inflation of fiat?
Correct. USDT us one example. HBD is more like a semi-stable coin however (I think there's another term for it).
Stablecoins are pegged to some scarce asset of the real world. And these assets cannot be created out of thin air.