What Are Flatcoins in Crypto, And What Makes Them Special?

Inflation is one of the economic challenges that have plagued world economies for decades

As global inflation rates continue to rise through the roof, a new kind of stablecoin has been gaining a lot of traction as a suitable hedge

Developed by Laguna Labs, Nuon is the first stablecoin of its kind

Being a Flatcoin, Nuon is tethered or pegged to the value of what $1 was in July 2022

Fiat collateral, These stablecoins are pegged directly to the value of an already existing government-issued currency like the dollar.

Crypto Collateral, These stablecoins are like the fiat collateralized stablecoins, only that their value is pegged to that of another cryptocurrency

Algorithmic Stablecoins, These stablecoins are backed by smart contracts or “algorithms” on the blockchain, that manipulates their circulating supply to make sure that they keep their “pegs” or stable values