Stablecoin Foundations
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Start hereWhat is a stablecoin: The peg, the exit door, and why it breaks
Stablecoins target $1 by relying on redemption, liquidation, or arbitrage, and they depeg when that conversion path slows or shuts.
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Learn about Stablecoin Foundations

Algorithmic stablecoins and why they fail: the peg is a short-volatility bet
Most designs defend a $1 peg by minting and burning tokens, but the rules can amplify a bank-run when liquidity and confidence vanish.

Stablecoin yield explained: where the APY comes from and what can break
Stablecoin interest is earned by deploying coins into lending, liquidity, or Treasury-linked wrappers, and the exit terms under stress decide whether the yield was real.

How stablecoins maintain their peg: convertibility, collateral, and arbitrage
Stablecoins trade near $1 when the market can reliably mint or redeem size fast enough to close price gaps under stress.

Types of stablecoins explained: redemption, reserves, and what breaks under stress
Stablecoin “types” differ less by label than by who can redeem at par and what assets must be sold when redemptions surge.