Stablecoins are meant to be a digital currency that has a fixed unit of value rather than a free floating market price like Bitcoin. There has been a lot of drama, controversy and confusion about stablecoins this year so we are going to break down the basics and talk about what they are, how they work, and the purpose they serve on web3.

Research & Attribution:
https://www.wsj.com/articles/crash-of...
https://www.ft.com/content/39681aa2-a...
https://www.coindesk.com/learn/algori...

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