Stablecoin

Stablecoins are crypto tokens designed to hold a stable price, most often one-to-one with the U.S. dollar. The largest are USDC (Circle), USDT (Tether), and DAI (MakerDAO). They're widely used for on-chain payments, trading collateral, and as a parking place between crypto trades.

Not all stablecoins are equally safe. Fiat-backed stablecoins hold dollars or Treasuries in reserve (USDC, USDT); algorithmic stablecoins rely on market mechanics and have a history of collapsing (TerraUSD in 2022). Check the issuer and reserves before holding significant amounts.

Why it matters for Milo customers

Milo does not accept stablecoins, either as collateral or for funding and payments. Stablecoins can still be useful to you outside the loan, as a way to manage tax timing on collateral conversions or transfer value across exchanges without market exposure.

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