How stable is Stablecoin?

Stablecoins are the latest digital asset to grab headlines. Congress is considering legislation around the cryptocurrency, and a Trump family-affiliated company is preparing to launch its own Stablecoin. But does this digital currency live up to its own name?
Related episodes:
What’s this about a crypto reserve? (Apple / Spotify)
Is ‘government crypto’ a good idea? (Apple / Spotify)
WTF is a Bitcoin ETF? (Apple / Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

Original Article