Today’s Video Briefing covers stablecoins, cryptocurrencies whose value is tied to the dollar or another fiat currencies. Stablecoins have gained increased attention in the past year, as a way of transacting and storing value on a blockchain without risking the volatility of traditional cryptos.
But are stable coins as safe as they look? Kiana takes a look at Tether, one of the oldest stable coins whose soundness has been called into question time and time again. And, though there are other coins trying to improve on the Tether model, well, that’s easier said than done.
But is it possible to have a dollar-valued coin without a centralized bank account? Kiana takes a look at some of the more creative ways of maintaining a peg, without fiat collateral. Although these projects haven’t yet made it out of the lab, they could have promise for solving volatility in cryptocurrency.