The characteristics of the ideal stablecoin

Written by Iain Monk Digital Asset Strategy Lead at Clear.Bank

Stablecoins have made great strides since the first stablecoins (BitUSD and Bubits) which were created back in 2014 and, as the name suggests, designed to be “stable” (i.e. not volatile) - unlike other crypto currencies. They were created to have a return similar to the US$ and were backed by a basket of cryptos.

Tether (USDT) is the largest stablecoin o…