In the previous section, we introduced the basics of money, which can be either commodity money or fiat money. Now we are ready to talk about stablecoin in this section. Before getting to this main topic of this chapter, we must first talk about cryptocurrency.
Basics of stablecoin
Cryptocurrency
A cryptocurrency is a currency in a digital form with encryption. In other words, it is a digital asset used as a medium of exchange. Bitcoin is considered to be the first cryptocurrency, whose platform initially went live in early 2009. It is based on the proposal in the white paper circulated by Satoshi Nakamoto in October 2008. Since then, cryptocurrencies receive immense attention. New cryptocurrencies were created and issued...
