What Are Crypto-collateralized Stablecoins and How They Work

A stablecoin sitting high and mighty

A stablecoin sitting high and mightyCrypto-collateralized stablecoins are stablecoins backed by other cryptocurrencies to shield them from the high volatility of the reserve crypto. By ‘backing’ them, they act as collateral. How Crypto-collateralized Stablecoins Work Let’s say you deposit ether worth $10 and receive stablecoins amounting to $5; this ensures that the stablecoin is 200% collateralized. When Ether drops by

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