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Stablecoins are a digital currency of which their value is pegged to a “stable” reserve asset, such as the U.S. dollar or gold. The primary objective of stablecoins is to reduce volatility in comparison to unpegged cryptocurrencies such as Bitcoin. Such a feature makes stablecoins better suited for day-to-day transactions. Let’s take a look at the ten biggest stablecoins. Q3 2022 hedge fund letters, conferences and more Ten Biggest StablecoinsFounded in December 2020, it is a decentralized finance (DeFi) native algorithmic stablecoin that runs on two crypto assets: FEI stablecoin and TRIBE gov…
