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The TOR Stablecoin
The information on this page and all other pages owned by, operated by, or related to Hector Network is for educational purposes only and does not constitute any kind of advice.
Cryptocurrency-backed stablecoins are issued with cryptocurrencies as collateral, which is conceptually similar to fiat-backed stablecoins. However, the significant difference between the two designs is that while fiat collateralization typically happens off the blockchain, the cryptocurrency or crypto asset used to back this type of stablecoin is done on the blockchain, using smart contracts in a more decentralized fashion.
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