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Stablecoins are generally known for its name, its a sort of cryptocurrency which is used to stabilize the cryptocurrency value. These stablecoins are formed by pegging the tokens with some real-world asset like fiat, gold, etc.
Generally, there are four types of stablecoins they are,
Generally, there are four types of stablecoins they are,
- Fiat-backed Stablecoin
- Commodity-backed Stablecoin
- Crypto-backed stablecoin
- Non-Collaterlized stablecoin