Hello @carlir, I hope you are fine friend,

You have talked about stablecoins in this post. You have explained your understanding on it really well. Also the types of stablecoins like asset-backed, crypto-backed, and non-backed known as algorithm backed stablecoins. I want to add one more type here that is commodities backed stablecoins.

Then you have nicely explained why were stablecoins created. What was the reason they were needed to be designed for the market. And yes high volatility is the reason for it.

USDT is top one stablecoin that most of traders use like you and me. I was using it in the past but now I shifted to BUSD because on Binance, there is no fees for trading in BUSD pair. No fees mean more profit 😜.

Then you explained about is it possible a stablecoin gets unstable and I totally agree that issuers can make them unstable if they have not required amount of reference asset that they got as backing of stablecoin. There are many other reasons also but main one is not required backing asset.

You have then explained nicely the advantages and disadvantages of stablecoins.

Overall, you have done a great work that can be seen in your post. I appreciate for putting your full efforts in research and writing content that is helpful for many like me. I wish you success in this as well as future contests. Thank you :)