What are stablecoins, and how do they work?

Cointelegraph’s director of video production, Jackson DuMont, talks about stablecoins and how they actually manage to stay stable at a $1 value. He also explains how stablecoins differ from other cryptocurrencies and the reason behind the crash of Terra’s LUNA and the depegging of UST.

00:00 - Intro
01:20 - What are stablecoins?
02:28 - Stablecoins unique properties
05:18 - How do stablecoins work?
05:28 - Fiat-backed stablecoins
05:51 - Commodity-backed stablecoins
06:42 - Crypto-backed stablecoins
07:36 - Algorithmic stablecoins
08:18 - What happened to LUNA and UST?
10:53 - Conclusion

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