Stablecoins are stable. Usually. Here’s why:
Cointelegraph’s director of video production Jackson DuMont dissected stablecoins in the latest episode of Cryptopedia. DuMont also explored and explained algorithmic stablecoins and the recent incident involving the TerraUSD and why it was unable to maintain its dollar peg.
Using Tether as an example, DuMont noted that stablecoins are able to maintain their dollar pegs by having equal reserves. He explained that in order for Tether to create or mint any amount of USDT, the company should have an equal amount of USD in its reserves.
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