While most stablecoins are backed by reserves, algorithmic stablecoins use maths and incentive mechanisms to maintain their fiat peg.
You might be interested in …
Bitcoin Firm Crusoe Energy Raises $505 Million to Grow Flare-Gas Mining Business
Crusoe uses “digital flare mitigation” to repurpose untapped natural gas into electricity for Bitcoin mining.
Bitcoin Drops 5% as Fed-Fueled Market Rally Fades
Following hawkish comments from the Fed, crypto and stocks alike have faced a serious bout of volatility over the past day.
Hacker Steals $320 Million From Solana, Ethereum Bridge Wormhole
Wormhole, a protocol that allows users to move their tokens and NFTs between Solana and Ethereum, has confirmed that it suffered an exploit of 120,000 Wrapped Ethereum, worth over $320 million—higher than the $250 million […]