Video: The Stablecoin Minefield
Stablecoins — cryptos leveraged 1-to-1 to a fiat currency — are essential to the crypto economy. Particularly regarding yield farming and liquidity mining: Their price is essentially free from price fluctuations, meaning your principal is kept safe as you continue earning passive income.
But what separates one dollar-leveraged stablecoin from another? As an investor, what parameters should you consider before choosing a stablecoin?
To answer these questions, Chris Coney turns to Joshua Scigala, cofounder of Vaultoro, a Bitcoin (BTC, Tech/Adoption Grade “A-”) and physical gold trading platform established in 2015.
In this week’s Sunday Special, Chris and Joshua break down …
- How stablecoins actually work.
- The difference between centralized and decentralized stablecoins and how both differ from Central Bank Digital Currencies (CBDC).
- How regulation and the central banks fit into the stablecoin equation.
- Ways average investors can use stablecoins to earn yields that make their money work for them.
Stablecoins are becoming fundamental components to any crypto investor’s strategy. Determining which ones are right for you will be instrumental to maximizing your profits and minimizing risk. I suggest you watch this week’s Weiss Crypto Sunday Special to learn more.
Many of these stablecoin strategies rely on decentralized finance (DeFi), so I also suggest you check out Chris’s DeFi MasterClass to get a full picture understanding of the exciting opportunities that can be found in this new financial sector.