USDT, USDX, DAI, PAX, — what are they and why do we need them?

An easy-to-digest introduction to Stablecoins

Imagine two situations: involving a single rock and 2 differently-sized masses of water. In situation A, the rock is thrown into a small pond of water, and in the alternative situation B, the exact same rock is thrown into the Atlantic Ocean. It goes without saying, that the rock…