The False Sense of Safety Stablecoins were designed to be the ‘safe haven’ of crypto. Pegged to a fiat currency, typically the US dollar, these assets promised stability in an otherwise volatile market. But as recent history shows, stablecoins can—and do—fail. When they collapse, the damage isn’t just financial; it’s psychological, regulatory, and systemic. In … Read more
One Label, Three Very Different Systems When people talk about stablecoins, they often lump them into one category: digital currencies that don’t change in price. But behind the word “stablecoin” lie three entirely different mechanisms — each with its own way of achieving price stability. Some are backed by real money in banks. Others use … Read more
Not All Stablecoins Are Built the Same Stablecoins may look simple on the surface — 1 coin equals 1 dollar, right? Not quite. The truth is, how a stablecoin maintains that “stable” value depends on the engine running behind the scenes. That engine is called the backing mechanism — and it makes all the difference … Read more