With the continuous improvement of blockchain technology, the application scenarios are also constantly enriched. Among them, the rapid development of the DeFi ecosystem has attracted more people and institutions to enter the market.

There are many currencies in the stablecoin market, and the more popular classification method is to divide stablecoins into three types. The first is the fiat-backed stablecoin, which guarantees the value of the stablecoin by anchoring a relatively stab