Video: Binance Academy © Binance. Played via the official YouTube player. QubitV is not affiliated with Binance.
Lesson outline
- A stablecoin is a token pegged to the dollar (rarely — euro, gold).
- Why they exist: exiting volatility without leaving the blockchain, transfers, settlements, the base layer of DeFi.
- The big three: USDT (Tether), USDC (Circle), DAI/USDS (decentralized).
- What backs them: dollar and bond reserves vs crypto collateral.
⚠️
🚧 Full write-up with screenshots coming soon.
CHECK YOURSELF
1. The main job of a stablecoin is to…
2. How does USDC differ from DAI in collateral type?