Stablecoins are no longer what they used to be in 2017, as they have changed a lot from then till today in 2021. To understand how stablecoins are created and to compare different stablecoins, we must know 3 important characteristics: collaterals, mechanisms, and pegs — explained in this episode.Why do we care about stablecoins? Because finding a mechanism to maintain its peg is the first step towards creating a global currency instrument that is decoupled from the country-based economy.So, to figure out and experiment this mechanism, we explore the toolkit in #stablecoins. Think of them as the ingredients to the stablecoin recipe, in which you can tweak and play around with. The goal is to find a mechanism to create a stable asset as an output, so we can use this asset to trade and transact with economic agents in other ecosystems. Aka using USD to transact with someone in another country.Timestamps:Follow us on Twitter and join our Discord to chat with us and the ED community.