{"id":3417,"date":"2021-02-05T11:00:13","date_gmt":"2021-02-05T11:00:13","guid":{"rendered":"https:\/\/afluxcoin.com\/00\/stablecoins%e2%80%8a-%e2%80%8awhat-it-is-and-how-it-works\/"},"modified":"2021-02-05T11:00:13","modified_gmt":"2021-02-05T11:00:13","slug":"stablecoins%e2%80%8a-%e2%80%8awhat-it-is-and-how-it-works","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/pt\/00\/stablecoins%e2%80%8a-%e2%80%8awhat-it-is-and-how-it-works\/","title":{"rendered":"Stablecoins\u200a\u2014\u200aWhat It Is And How It Works"},"content":{"rendered":"<p>Stablecoins are generally divided into 4 main types or categories.Fiat-Backed Stablecoins.Commodity-Backed Stablecoins.Crypto-Backed Stablecoins.Seignorage-Style Stablecoins.The most common type of Stablecoins is collateralized or backed by fiat. \u2018Fiat\u2019 is the paper money in your wallet and the digital money in your bank account.Examples of fiat money include NGN, USD, EUR, GBP, CHF, and JPY.Fiat-backed stablecoins is backed at a 1:1 ratio, meaning that $1 of a stablecoin is equivalent to $1 of fiat money.So for each stablecoin that exists in this category, there is real fiat currency being held in a bank account to back it up.Here are examples of fiat-backed stablecoins;Tether (USDT)A well-known or most popular fiat-backed stablecoin is the currency Tether (USDT). Tether is backed by the US dollar, Euro (EU), and the Japanese yen (JP). Its market capitalization is about $4B at the time of writing.Tether is issued by a company called Tether Limited. It was launched as RealCoin in July 2014 and was rebranded as Tether on 20 November 2014. Tether is also the 3rd biggest coin in terms of the daily trading volume.Tether is designed to offer stability (like fiat currencies), transparency and lower transaction charges to users.Read our complete review of Tether hereTrue USD (TUSD)TrueUSD (TUSD) is a popular stablecoin that was introduced in early 2018. It was designed to be simple, transparent, and reliable. For this reason, it does not use a hidden bank account.It is also backed to the US dollar at a 1:1 ratio, which is 1 Tusd represents 1 $. TrueUsd was created as an alternative to Tether because there was a controversy on the transparency of Tether totally back by fiat.TrueUsd is the first major project built on the TrustToken platform (TrustToken is a platform to create asset-backed tokens).Tusd was first traded on Bittrex but has expanded into other exchanges, which\u2026<\/p>","protected":false},"excerpt":{"rendered":"<p>Stablecoins are generally divided into 4 main types or categories.Fiat-Backed Stablecoins.Commodity-Backed Stablecoins.Crypto-Backed Stablecoins.Seignorage-Style Stablecoins.The most common type of Stablecoins is collateralized or backed by fiat. \u2018Fiat\u2019<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3417"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=3417"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=3417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=3417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=3417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}