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Stablecoin

Stablecoins EURC (Circle) — a euro stablecoin EURC (Circle) — a euro stablecoin

Circle's stablecoin pegged to the euro rather than the dollar: what backs EURC, how its reserves are checked, and why its dollar price floats with the euro.

Stablecoins DAI — a decentralized stablecoin DAI — a decentralized stablecoin

A dollar stablecoin with no company keeping money in a bank: DAI holds its price with over-collateralized crypto, why the Sky protocol is involved, and why the risks differ.

Stablecoins USDC (Circle) — a dollar stablecoin USDC (Circle) — a dollar stablecoin

The second-largest dollar stablecoin, known for transparency: what backs USDC, who issues it, and why even it once lost the dollar.

Stablecoins USDT (Tether) — a dollar-pegged stablecoin USDT (Tether) — a dollar-pegged stablecoin

The most widespread “dollar in your phone”: what backs USDT, how its reserves are checked, and why “stable” doesn't mean “risk-free”.