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Stablecoins

Reserve claims, liquidity, and redemption routes.

Investigate stablecoins as a combination of token mechanics and issuer obligations. The reading here compares the questions to ask about USDC and USDT, while keeping direct issuer redemption separate from selling tokens through a market or withdrawing through an intermediary.

Each article includes a primary reference, practical research questions, and links to connected guides. Read for the mechanism first, then follow the related topics to build a more complete picture.

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