Stablecoins have risen from a niche crypto product to front of mind for the US government, geopolitical analysts, economists, and market participants alike. What was initially viewed as an easier way to handle crypto risk on the blockchain is now seen as a potentially crucial variable in US debt management, USD reserve currency status, and global payment and trading systems. Stablecoins are digital assets designed to replicate fiat currencies (Fiat money is government-issued monetary not backed by a physical asset), but we can break them down into the following subsets: commodity-collateralized, algorithmic, ... (full story)