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You will also receive a complimentary subscription to TechRepublic's News and Special Offers newsletter and the Top Story of the Day newsletter. You may unsubscribe from these newsletters at any time. All fields are required. Username must be unique. Password must be a minimum of 6 characters and have any 3 of the 4 items: a number (0 through 9), a special character (such as !, $, #, %), an uppercase character (A through Z) or a lowercase (a through z) character (no spaces). Loading ACCOUNT INFORMATION TechRepublic close modal Image: iQoncept/Adobe Stock TOP 5 THINGS TO KNOW ABOUT STABLECOINS * * * * ACCOUNT INFORMATION TechRepublic close modal SHARE WITH YOUR FRIENDS Top 5 things to know about stablecoins Check out this article I found on TechRepublic. Your email has been sent by Tom Merritt in Innovation on May 25, 2022, 12:39 PM PDT TOP 5 THINGS TO KNOW ABOUT STABLECOINS Tom Merritt shares the most important information you need to remember about stablecoin cryptocurrencies. You may have heard of stablecoins and thought it sounded like a good idea. After all, most cryptocurrencies are quite volatile, so why not have one meant to be stable? You may also have heard of stablecoins crashing and wondered: Well, how did that happen? I thought they were supposed to be stable? Listen to the podcast version of this Top 5 episode on SoundCloud Here are five things to know about stablecoins. 1. STABLECOINS ARE OFTEN EQUATED TO U.S. DOLLARS. Many stablecoins are tied to the U.S. dollar in such a way that the issuer promises to always exchange one coin for one dollar. 2. STABLECOINS CAN BE BACKED BY MANY THINGS – NOT JUST U.S. DOLLARS. Some stablecoins are tied to other stable reserves like gold. They might also be tied to an algorithm that manipulates the supply to keep it pegged at a particular value. 3. STABLECOINS DON’T HAVE TO BE BACKED BY ANYTHING. There’s no regulation about what gets to be labeled a stablecoin. The Terra stablecoin was backed by another cryptocurrency called Luna which was tied to reserves of a lot of other cryptocurrencies. It was one that used an algorithm to try to hold its value. That algorithm eventually failed. 4. EVEN STABLECOINS BACKED BY DOLLARS AREN’T ACTUALLY BACKED BY DOLLARS. A stablecoin called Tether uses a mix of corporate debt, cash and treasury bills. The idea is to have some holdings that can be liquidated fast when needed but also appreciate in value. 5. STABLECOINS ARE USEFUL FOR MONEY TRANSFERS. While Bitcoin can be relatively slow and Ethereum can have high fees, when stablecoins are actually stable, they can conduct transfers much faster and cheaper than the traditional banking system. Just because it has stable in the name, doesn’t mean it’s entirely stable. Caveat emptor has never applied so well. Subscribe to TechRepublic Top 5 on YouTube for all the latest tech advice for business pros from Tom Merritt. 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Delivered Wednesdays and Fridays Sign up today Tom Merritt Published: May 25, 2022, 12:39 PM PDT Modified: June 10, 2022, 1:09 PM PDT See more Innovation ALSO SEE * Metaverse cheat sheet: Everything you need to know (free PDF) (TechRepublic) * Ethereum cheat sheet: Everything you need to know (free PDF) (TechRepublic) * Cryptocurrency glossary: From Bitcoin and Dogecoin to hot wallets and whales (TechRepublic Premium) * Tom Merritt's Top 5 series (TechRepublic on Flipboard) WHITE PAPERS, WEBCASTS, AND DOWNLOADS INTEL® EDGE AI CERTIFICATION Training from Intel Register Now SUPERCHARGE YOUR CAREER WITH INTEL® EDGE AI CERTIFICATION Training from Intel Register Now THE ULTIMATE LEARN TO CODE TRAINING (5 COURSES) Training from TechRepublic Academy View This Now RASPBERRY PI & ARDUINO DEVELOPER BUNDLE Training from TechRepublic Academy Read More THE ALL-IN-ONE 2022 SUPER-SIZED ETHICAL HACKING BUNDLE Training from TechRepublic Academy Learn More * * * * ACCOUNT INFORMATION TechRepublic close modal SHARE WITH YOUR FRIENDS Top 5 things to know about stablecoins Check out this article I found on TechRepublic. 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We've compiled a list of ten tools you can use to take advantage of agile within your organization. Brenna Miles Published: June 28, 2022, 6:19 AM PDT Modified: July 5, 2022, 10:57 AM PDT Read More See more Software * Apple announced iOS 16 on June 6, 2022 during the WWDC keynote. Image: Apple Mobility IOS 16 CHEAT SHEET: COMPLETE GUIDE FOR 2022 Learn about the new features available with iOS 16, and how to download and install the latest version of Apple’s mobile operating system. Cory Bohon Published: July 12, 2022, 10:00 AM PDT Modified: July 12, 2022, 2:36 PM PDT Read More See more Mobility * Image: HTGanzo/Adobe Stock Artificial Intelligence COURSERA RELEASES UPDATED MACHINE LEARNING SPECIALIZATION COURSE The online learning platform’s new course teaches the fundamentals of ML with less emphasis on math. Marc Librescu Published: July 5, 2022, 9:29 AM PDT Modified: July 11, 2022, 12:16 AM PDT Read More See more Artificial Intelligence TECHREPUBLIC PREMIUM * TechRepublic Premium INDUSTRIAL INTERNET OF THINGS: SOFTWARE COMPARISON TOOL IIoT software assists manufacturers and other industrial operations with configuring, managing and monitoring connected devices. A good IoT solution requires capabilities ranging from designing and delivering connected products to collecting and analyzing system data once in the field. Each IIoT use case has its own diverse set of requirements, but there are key capabilities and ... Downloads Provided By TechRepublic Premium Published: May 2022 Modified: May 2022 Read More Download Now * TechRepublic Premium HOW TO RECRUIT AND HIRE AN OPERATIONS RESEARCH ANALYST Recruiting an Operations Research Analyst with the right combination of technical expertise and experience will require a comprehensive screening process. This Hiring Kit provides an adjustable framework your business can use to find, recruit and ultimately hire the right person for the job.This hiring kit from TechRepublic Premium includes a job description, sample interview questions ... Downloads Provided By TechRepublic Premium Published: May 2022 Modified: May 2022 Read More Download Now * TechRepublic Premium QUICK GLOSSARY: INDUSTRIAL INTERNET OF THINGS The digital transformation required by implementing the industrial Internet of Things (IIoT) is a radical change from business as usual. This quick glossary of 30 terms and concepts relating to IIoT will help you get a handle on what IIoT is and what it can do for your business.. From the glossary’s introduction: While the ... Downloads Provided By TechRepublic Premium Published: May 2022 Modified: May 2022 Read More Download Now * TechRepublic Premium SOFTWARE PROCUREMENT POLICY Procuring software packages for an organization is a complicated process that involves more than just technological knowledge. There are financial and support aspects to consider, proof of concepts to evaluate and vendor negotiations to handle. Navigating through the details of an RFP alone can be challenging, so use TechRepublic Premium’s Software Procurement Policy to establish ... 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