BLOBFLOW MONETARY DEMOCRACY

Volatility is amongst the monsters eating up the crypto space. It has held back the adoption of cryptocurrency in many quarters and has been one of the strongest points used by crypto antagonists to attack the space.

The introduction of stablecoins has eased the criticism a little. What is a stablecoin? Stablecoins are cryptocurrencies whose market prices are pegged to other less volatile assets ("stable" assets) like fiat currencies, commodities and indices. Thereby making stablecoins stable.

The crypto space is now witnessing different types of innovation in this regard, which has given rise to different types of stablecoins. We have the Fiat-Collateralized stablecoins, Crypto-Collateralized stablecoins, Non-Collateralized stablecoins and, recently, Gold-Collaterized stablecoins, as well as stablecoins collateralized by other commodities.

The Gold and Fiat-Collateralized stablecoins are the most stable in this space, given that they are backed by the most stable commodities and US Dollars. Examples of such coins are: Kinesis Money and Tether.

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