All You Need To Know About Stablecoins On TimeX
The ability to store funds in a price-stable real-world currency while keeping them on the blockchain is critical for DeFi users. Stablecoins have become a $150 billion sub-sector of the DeFi economy thanks to this combination of safety and convenience. However, the overnight collapse of the Terra ecosystem has raised serious concerns about different stablecoins’ ability to maintain their $1 peg. TimeX lists only the most trustworthy and well-established stablecoins. None of these are algorithmic coins, like UST, but they all are fully backed by assets of value, albeit in different ways.