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Just in, Tether (USDT), the top most stablecoin issuer (in terms of volume) is all set to undergo a full audit by an auditing firm listed in the top 12. This is going to be done with the sole aim of proving its integrity and transparency to the public. Hence, this would seriously re-establish back their faltering trust. Why is this necessary at all? We are sure most of you do remember the recent Terra…

Stable coins are the bridge between the world of cryptocurrencies and everyday fiat money, as their prices are pegged to a reserve asset such as the US dollar/Euro or gold. This significantly reduces volatility compared to something like Bitcoin and leads to a form of digital currency that is more suitable for everything from day-to-day transactions to exchange conversions. Stable coins in a few words Coins have an asset reserve that assures buyers that the…