Asset-backed stablecoins are digital currencies which are issued in opposition to conventional fiat currencies held on a 1:1 peg. In concept, one U.S.-dollar-backed stablecoin ought to be equal to 1 U.S. greenback. Nonetheless, as we’ve seen within the case of tether, this isn’t all the time the case. In actual fact, many standard stablecoins are backed by an analogous mixture of money and business paper, which is unsecured, short-term debt issued by corporations to satisfy their monetary obligations.
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