Shobhit Seth reports in investopedia.com that "stablecoins are a newer breed of cryptocurrency gaining popularity for their commitment to minimize the price volatility that has limited the use of Bitcoin (BTC) and other digital currencies as a medium of exchange.
Since Tether (USDT) launched in 2014 as the first stablecoin, the list has grown to include Dai (DAI), USD Coin (USDC), True USD (USDT), Digix Gold, Havven's Nomin, Paxos Standard, and Binance USD (BUSD).
Stablecoins are cryptocurrencies designed to provide stable value.
Stable currencies are more useful as a store of value and medium of exchange.
Stablecoins minimize typical cryptocurrency volatility by maintaining collateral in the form of reserves, often of U.S. dollars.
Algorithmic stablecoins aim to provide steady value by adjusting supply based on pre-set rules."
Source credit and full story - https://www.investopedia.com/tech/stablecoin-answer-all-cryptocurrency-problems/
The author concludes that "how they attempt to deliver on that promise matters a great deal, with the TerraUSD collapse strongly suggesting sufficient collateral in liquid form like U.S. dollars offers a much sturdier guarantee than the naked promise to maintain value by relying on an algorithm."
Hive Backed Dollar(HBD) is also an algorithmic stablecoin. So the question is how stable is HBD?
Tamil Genocide Rememberance Day - #Mullivaikal - #May18
@naam-tamilar/mullivaikal-may-18-the-genocide-of-sri-lankan-tamils-by-the-sri-lankan-government
Sri Lanka's Killing Fields (Part 1/4) - How UN and International Community Failed and abandoned Sri Lankan Tamils in 2009:
Link to Full movie - Channel 4's Sri Lanka's Killing Fields:
