Stablecoins, along with security tokens, were among the major crypto trends in 2018. In a year with a prolonged bear market and increasing volatility, the importance of a coin with a predictable dollar value proved instrumental. During sell-offs, traders relied on stablecoins to protect some of their gains as cash also ceased to be directly injected into the crypto market.
“Even with recent turmoil, Tether remains squarely the least volatile stablecoin of 2018, deviating less than 0.5% – or less than half a cent – from the mean on a daily basis,” according to a Santiment analysis.
The debate on centralized versus decentralized stablecoins continues. Decentralized, or algorithmic, stablecoins, appear to fluctuate more. BitUSD had the highest volatility among stablecoins, easily losing its peg due to...
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