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๐ŸŽ“ Bitcoin 101: Stablecoins, Tethered to Trouble
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๐ŸŽ“ Bitcoin 101: Stablecoins, Tethered to Trouble

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Access Tribe Bitcoin
Jan 19, 2025
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Access Tribe - Bitcoin's Community for Everyone
Access Tribe - Bitcoin's Community for Everyone
๐ŸŽ“ Bitcoin 101: Stablecoins, Tethered to Trouble
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What is a Stablecoin?

Stablecoins are crypto tokens โ€œbackedโ€ 1:1 by the USD. The principal companies that issue them are Tether (USDT) and Circle (USDC). The idea is that each token is worth $1, and that the company minting the token is holding the equivalent value in USD, either cash or instruments such as US Treasuries. So far so good.

How are they used?

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