Hi guys, Welcome to the Advanced Video Search Engine, and you are watching What are stablecoins, and how do they work?. That video is uploaded by CNBC International at 2022-06-28T03:00:05-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [Aqi4qxmFVJU]
| Name | What are stablecoins, and how do they work? |
| Video Uploader | Video From CNBC International |
| Upload Date | This Video Uploaded At 28-06-2022 10:00:05 |
| Video Discription | Stablecoins are supposed to be everything tokens like bitcoin and ether arenโt. Whereas bitcoinโs price fluctuates sharply, stablecoins are designed to be worth the same as something else โ usually the U.S. dollar. Many stablecoins are also issued directly by companies, whereas bitcoin operates independently of any central authority. Recent events have shown that not all stablecoins are as stable as theyโre made out to be. TerraUSD, a so-called โalgorithmicโ stablecoin, fell below its peg dramatically, eventually crashing to a fraction of a cent and bringing an associated coin down with it. The debacle has led to fresh scrutiny from regulators, who are worried stablecoins will one day get so big they could cause damage to the larger economy if they fail. Tether, the worldโs largest stablecoin, is a $70 billion juggernaut in the crypto world. But the company, which claims each of its tokens can be redeemed for exactly one dollar, has long faced doubts about the assets that underpin it. Watch the video to learn more about stablecoins and why theyโre so controversial. #CNBC #Stablecoins #Crypto ----- Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Twitter: https://twitter.com/CNBCi Aqi4qxmFVJU |
| Category | News & Politics |
| Tags | stablecoin | stablecoins | stablecoins explained | stablecoin explained | what are stablecoins | what is stablecoin | stable coin | usdt | best stablecoin | bitcoin vs stablecoins | what is a stablecoin | is stablecoin safe | best stablecoin 2022 | stablecoins vs | stablecoin vs | stablecoin meaning | wsj stablecoins | stablecoins crypto | stablecoin crash | stable coins | terra luna | what is a stable coin | cnbc international | crypto crash | cnbc | crypto news today | cryptocurrency | cnbc crypto |
