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A Guide To Stablecoins: Majority Fiat-Backed Stablecoins – USDT, USDC, PYUSD

The concept of using stablecoins in the financial system

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By Raye Hadi, Research Associate, Digital Assets

Introduction

In Part One of ARK’s four-part guide to stablecoins, we introduced stablecoins and contextualized their development. I argued that the design of each type of stablecoin includes tradeoffs

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