Are All Stablecoins the Same?

[cryptoenthusiast]

No. Some are fiat-backed (like USDT and USDC), some crypto-backed (like DAI), and some algorithmic (using code to maintain stability). Each type has unique risks, advantages, and target users, which explains the wide variety in the market.

[Nahid Hossen]

Not at all—every stablecoin has different backing, risk level, and trust model.

[Abdul Khan]

From fiat-backed to algorithmic, stablecoins vary widely in stability mechanisms.