The Basic Principles Of stablecoin use cases
Fiat-backed stablecoins hold one unit of fiat income or hard cash-equal inside of a reserve, similar to a financial institution, for every stablecoin that’s been issued on-chain. Stablecoins which include USDC whitelist specific institutions as issuers. When these issuers need to mint a stablecoin, they deposit USD right into a bank account equal