Why are stablecoins overwhelmingly backed by the US dollar?
Stablecoins are taking the world by storm and it’s the US dollar that outweighs any other fiat-backed cryptocurrency. What are the reasons for the greenback’s dominance?
Articles by
Pascal Hügli is the chief researcher at Insight DeFi, a Swiss research boutique. They publish a bi-monthly newsletter in German as well as an English podcast. At the same time, he is an accredited lecturer at HWZ and CCFE, and author of the book “Ignore at Your Own Risk: The New Decentralized World of Bitcoin and Blockchain.”