Ultimate Guide to Algorithmic Stablecoins (AMPL, ESD, DSD, BASIS, MITH CASH)

What is Algorithmic Stablecoins? Stablecoins are not volatile in value and are usually pegged to fiat currencies or a basket of stable assets. Algorithmic Stablecoins are stable relative to the price, it is backed by an algorithm that changes the supply amount when it moves above or below the price target. Examples of Algorithmic Stablecoins includes $AMPL, $ESD, $DSD, $BASIS, $MIC.

#AlgorithmicStablecoins #DeFi #Stablecoins

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