Michael Rogers and Lars Hoffmann, research analysts for The Block, join Ash Bennington, Real Vision senior editor, to discuss The Block's recent report on stable coins, their taxonomy, and uses. Hoffmann explains that stable coins are, generally speaking, a digital representation of a fiat currency—a type of IOU—where there are physical dollars sitting in a bank backing the digital representation. They explain that there are a variety of emerging stable coin types such as crypto collateralized and non-collateralized or algorithmic stable coins alongside a handful of use cases developing for stable coins including stability for traders, swapping between exchanges, yield farming and remittances. Filmed on April 15, 2021. Key Learnings: There are a variety of stable coin types—collateralized, which is backed by fiat in a bank; crypto collateralized, which is backed by crypto assets on chain; and non-collateralized or algorithmic, which is based on a market making algorithm that attempts to buy or sell the stable coin itself with assets on the open market in order to stay close to the desired peg. One of the fastest emerging uses for stable coins is for remittances, especially among the Asian geography. Stable coin use has exploded over the last few years and is expected to see continued growth.