scorecardresearchFrom US dollar to algo stablecoins: How do they work?

From US dollar to algo stablecoins: How do they work?

Updated: 23 Jun 2022, 07:53 AM IST
TL;DR.
When we found Bitcoins and Ethereums being too volatile, we thought of having a stablecoin – a representative of Dollar in the crypto-ecosystem – and created Stablecoins – with value pegged to Dollar.
Seigniorage coins are created in pair and their values are linked – then one’s value is pegged to the dollar and the other is kept variable.

Seigniorage coins are created in pair and their values are linked – then one’s value is pegged to the dollar and the other is kept variable.