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ELI5 Stable Coins - how do they work?

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Manage episode 329107083 series 2542175
Content provided by ELI5 Explain Like I'm Five Podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ELI5 Explain Like I'm Five Podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

What are stable coins and why do we even need them? What’s the mechanism that makes them stable? What are the different types of stable coin? How did the algorithmic stable coin Terra work, and why did it unravel?

... we explain like I'm five

Thank you to the r/explainlikeimfive community and in particular the following users whose questions and comments formed the basis of this discussion: fihaal42, tehwildman_, enough_blueberry_549, sleep_naked, red_atnight and lawproud492.

Some extra resources:

https://medium.com/@lawrenceg/what-are-stablecoins-and-why-do-we-need-them-db83c85b86b

https://multicoin.capital/2018/01/17/an-overview-of-stablecoins/

https://en.wikipedia.org/wiki/Stablecoin

To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter:

https://www.twitter.com/eli5ThePodcast/

or send us an e-mail:

[email protected]

  continue reading

356 episodes

Artwork
iconShare
 
Manage episode 329107083 series 2542175
Content provided by ELI5 Explain Like I'm Five Podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ELI5 Explain Like I'm Five Podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

What are stable coins and why do we even need them? What’s the mechanism that makes them stable? What are the different types of stable coin? How did the algorithmic stable coin Terra work, and why did it unravel?

... we explain like I'm five

Thank you to the r/explainlikeimfive community and in particular the following users whose questions and comments formed the basis of this discussion: fihaal42, tehwildman_, enough_blueberry_549, sleep_naked, red_atnight and lawproud492.

Some extra resources:

https://medium.com/@lawrenceg/what-are-stablecoins-and-why-do-we-need-them-db83c85b86b

https://multicoin.capital/2018/01/17/an-overview-of-stablecoins/

https://en.wikipedia.org/wiki/Stablecoin

To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter:

https://www.twitter.com/eli5ThePodcast/

or send us an e-mail:

[email protected]

  continue reading

356 episodes

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