Regards esteemed friend @dana-edwards.
Stable refers to a value that remains constant or unchanged. Then c When we talk about stablecoins we must identify what is the form of support or reference taken to consider that stability.
Namely we can find three modalities:
Backed by Fiat.
If we pretend to be "all in crypto" this type of backup would seem a contradictory option.Backed by commodities or raw material.
When we talk about Gold support, for example, this would be a sensible option. Especially when the companies that issue their tokens allow periodic audits to certify their reservations. In Colombia there is a startup with a stable token backed by "Emeralds".Backed by Cryptoactives.
Stabilization scheme widely used but based on a very complex economic system. However, this system has the vision of detaching itself from the centralism of supporting stablecoin using fiat currency.
Definitely, Stablecoins are a sensible alternative when it comes to safeguarding our assets and keeping us "all in crypto."
Thanks for sharing.
Your friend, Juan
RE: All in crypto? Are stable tokens secure enough for our life savings?