What is a STABLECOIN in 2022? What are stablecoins used for? Are stablecoins safe?
What is a STABLECOIN? Are stablecoins safe? A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price. Discussion with Tony Denaro about fiat based stablecoins, commodity based stable coins, crypto backed stablecoins, algorithmic stablecoins, and CBDC Central Bank Digital Currency #TonyDenaro #Stablecoin #Stablecoins
🦍Join the Tony Denaro channel to get access to perks, basic Discord and a membership chat badge: https://www.youtube.com/c/TonyDenaro/Join
🏆 SUBSCRIBE! https://www.youtube.com/c/TonyDenaro?sub_confirmation=1
💰 GEMINI Get your own Gemini crypto account to buy FTM Fantom: https://www.gemini.com/share/dn5xp5gul
🧡 DISCORD! Support the Channel & get FULL access to the Tony Denaro Discord including Tony's trades with a VIP membership.
Be sure to link Patreon and Discord before signing up: https://www.patreon.com/TonyDenaro
🐤TWITTER: https://twitter.com/Tony_Denaro
💹 STOCKTWITS: https://stocktwits.com/TonyDenaro
📶 TWITCH backup livestream (add it now!): https://www.twitch.tv/tonydenaro
📰 REDDIT: https://www.reddit.com/r/TonyDenaro/
❗ How to link Patreon and Discord: https://support.patreon.com/hc/en-us/articles/212052266-How-do-I-connect-Discord-to-Patreon-Patron-
💥Links for Content Creators:💥
1) Best free software for Collab videos - Restream: https://restream.io/join/TonyDenaro
2) Diversify where your content is published, sign up for Rumble: https://rumble.com/register/TonyDenaro/
💥Links for Content Creators💥
Send Tony Denaro something:
Tony Denaro
10900 Research Blvd
Suite 160-C #196
Austin, TX 78759
Top 10 stablecoins by Market Cap as of April 2022:
Link: https://www.coingecko.com/en/categories/stablecoins
Tether (USDT)
USD Coin (USDC)
Binance USD (BUSD)
TerraUSD (UST)
Dai (DAI)
Magic Internet Money (MIM)
Frax (FRAX)
TrueUSD (TUSD)
Pax Dollar (USDP)
NeutrinoUSD (USDN)
Song: Rival - Throne (ft. Neoni) [NCS Release]
Music provided by NoCopyrightSounds
Free Download/Stream: http://ncs.io/Throne
LIVE: http://youtu.be/midpbHJ4EIk
What Is a Stablecoin? https://www.investopedia.com/terms/s/stablecoin.asp
A stablecoin is a class of cryptocurrencies that attempt to offer price stability and are backed by a reserve asset. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of payments of cryptocurrencies, and the volatility-free stable valuations of fiat currencies.
KEY TAKEAWAYS
Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference.
Stablecoins may be pegged to a currency like the U.S. dollar or to a commodity's price such as gold.
Stablecoins achieve their price stability via collateralization (backing) or through algorithmic mechanisms of buying and selling the reference asset or its derivatives.
-
13:46
Tony Denaro
2 years agoSOFI STOCK ANALYSIS. Is SOFI a BUY at $6.00? Student Loan Moratorium Update!
69 -
23:19
Scammer Payback
4 days agoWe Created the First Ever 𝗔𝗡𝗧𝗜-𝗦𝗖𝗔𝗠 Call Center
193K232 -
1:11:09
LFA TV
17 hours agoTRUMP GUILTY…OF LOVING AMERICA! Ft. Hayley Caronia & Vish Burra | LAST CALL 6.1.24 8PM EST
49.8K24 -
1:02:02
The Kirk Minihane Show
8 hours ago420 Show
29.3K -
1:06:35
Patriots With Grit
7 hours agoSpeaking Up, Pushing Back | Daniel McGirr
34.5K6 -
56:19
Total Horse Channel
2 days ago2024 Buckeye Reining Series | Saturday Night | 7:30 pm EST
39.5K3 -
1:15:38
Steve-O's Wild Ride! Podcast
2 days ago $0.22 earnedG Eazy Opens Up About Falling Off - Wild Ride #217
45.8K14 -
18:44
We Profit with Stock Curry
6 days agoUltimate Advice for Teens & Young Adults
51.1K14 -
LIVE
Lofi Girl
1 year agoSynthwave Radio 🌌 - beats to chill/game to
530 watching -
21:00
Mr. Build It
23 days ago3 Ways to Build Garden Beds
40.6K14