مجلة النمو الاقتصادي والمقاولاتية
Volume 8, Numéro 4, Pages 12-22
2025-12-17
Stablecoins: Their Reality, Future, And Problems - A Case Study Of Tether
Authors : Yousfate Ali .
Abstract
This paper examines the concept and development of stablecoins, focusing on Tether (USDT) as a case study. Stablecoins are digital currencies designed to keep a stable value, frequently by being tied to fiat currencies like the US dollar. They aim to mitigate the price volatility of cryptocurrencies like Bitcoin while offering the benefits of cryptocurrencies, including speed and affordability. The study describes the three types of stablecoins: algorithmic, crypto-collateralized, and fiat-collateralized. The most popular stablecoin, Tether, is used for trading, payments, and remittances all over the world and is supported by fiat reserves. The report does, however, also point out essential dangers and objections, such as a lack of transparency, difficulties with regulations, and concerns regarding reserve backing. Tether has been charged with issuing unbacked tokens, raising questions about market stability and trust. As stablecoin usage keeps increasing, these issues are crucial. Stablecoins seem to have a bright future despite these obstacles. In an effort to improve regulation and financial system integration, governments and financial institutions are investigating their versions. In conclusion, there are risks and opportunities associated with stablecoins, particularly Tether. Public trust, transparency, and stricter regulations will all be necessary for their success.
Keywords
Stablecoins ; cryptocurrencies ; fiat currencies ; Tether
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