ICYMI: anyone can wrap their USDC/USDT in Cardano by using Nomadxyz and Milkomeda bridges $ADA CardanoCommunity stablecoin $USDC $USDT
Algorithmic stablecoins are one of the most common types of assets in the cryptocurrency market as it offers easy-to-use solutions accepted by numerous centralized and decentralized cryptocurrency
. But before using each algorithm, it is better to become educated on the type of mechanism used by it as a wrong configuration in the coin's code may bring various risks to its users and even cause a decoupling.Back in the summer of 2021, users were actively criticizing the biggest stablecoin on the market, Tether, which is being used on three chains: Tron, Ethereum and Omni.
Tether, USDC and UST remain one of the biggest assets on the cryptocurrency market with $155 billion in combined capitalization.
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