What are Stablecoins? What is Tether?

What are Stablecoins? What is Tether?

On January 8, 2019, the Youtube channel of 99Bitcoins released a new content that caught our attention, this article will be able to give a spotlight on it and why not make you discover this video.

And yes, another article today about the Youtube channel 99Bitcoins, you are starting to be used to it you who follow assiduously Croblanc for so many years already! The interest for this channel keeps growing over the years and we are very happy to share it with you once again. And that's why we're telling you about it today, this brand new video should interest you.

When we first saw the What are Stablecoins? What is Tether? video on the 99Bitcoins channel, we knew our community would want to stream it as soon as possible. So we wrote this article to publish it as soon as possible.

The video has been posted for less than an hour and is currently the talk of the web. Usually the new videos of the Youtube channel 99Bitcoins are much less talked about. Soon in trends? That's all the bad news we wish him, considering the work this channel has been doing for many years now!

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For your information, you can find below the description of the video What are Stablecoins? What is Tether? published by the Youtube channel 99Bitcoins:

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Stablecoins are an attempt to create a cryptocurrency that isn’t volatile. A stablecoin’s value is pegged to a real world currency, also known as fiat currency. For example, the Stablecoin known as Tether, or USDT, is worth 1 US dollar and is expected to maintain this peg no matter what.

That’s Stablecoins in a nutshell. If you want a deeper explanation keep on watching the video, here’s what I’ll cover:

0:37 - Cryptocurrency volatility
1:40 - Stablecoins in a nutshell
2:22 - Main usage of stablecoins
3:20 - Stablecoin peg types
6:47 - Stablecoin business models
7:17 - Popular Stablecoins in use today
8:24 - Stablecoin crticism
10:12 - Conclusion

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