{"id":9042,"date":"2026-06-04T12:46:09","date_gmt":"2026-06-04T12:46:09","guid":{"rendered":"https:\/\/iocharts.io\/blog\/?p=9042"},"modified":"2026-09-24T18:28:43","modified_gmt":"2026-09-24T18:28:43","slug":"mi-az-a-stablecoin","status":"publish","type":"post","link":"https:\/\/iocharts.io\/blog\/mi-az-a-stablecoin\/","title":{"rendered":"Mi az a stablecoin? T\u00edpusok, m\u0171k\u00f6d\u00e9s \u00e9s kock\u00e1zatok","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><strong>A l\u00e9nyeg:<\/strong> A stablecoin egy olyan kriptovaluta, amelynek \u00e1rfolyam\u00e1t egy hagyom\u00e1nyos eszk\u00f6zh\u00f6z (leggyakrabban az amerikai doll\u00e1rhoz) r\u00f6gz\u00edtik, \u00edgy mentes a Bitcoinra vagy az Ethereumra jellemz\u0151 extr\u00e9m volatilit\u00e1st\u00f3l.<\/li>\n\n\n\n<li><strong>T\u00edpusok:<\/strong> L\u00e9teznek centraliz\u00e1lt (banki doll\u00e1rral fedezett), decentraliz\u00e1lt (kriptovalut\u00e1val t\u00falbiztos\u00edtott), \u00e9s az \u00faj gener\u00e1ci\u00f3s delta-semleges stabilcoinok.<\/li>\n\n\n\n<li><strong>A DeFi alapk\u00f6ve:<\/strong> A stablecoinok a decentraliz\u00e1lt p\u00e9nz\u00fcgyi infrastrukt\u00fara gerinc\u00e9t alkotj\u00e1k. Ezek biztos\u00edtj\u00e1k a hitelez\u00e9si piacok, a t\u0151zsdei v\u00e1lt\u00e1sok \u00e9s a hozamtermel\u00e9s (yield farming) kock\u00e1zatmentes alapj\u00e1t.<\/li>\n\n\n\n<li><strong>Kock\u00e1zatok:<\/strong> A legf\u0151bb vesz\u00e9ly a &#8222;de-peg&#8221; (amikor az \u00e1rfolyam elszakad az 1 doll\u00e1rt\u00f3l), a szab\u00e1lyoz\u00f3i kock\u00e1zatok, valamint a centraliz\u00e1lt kibocs\u00e1t\u00f3k befagyaszt\u00e1si jogk\u00f6re.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A Bitcoin \u00e9s az Ethereum technol\u00f3giai szempontb\u00f3l \u00f3ri\u00e1si innov\u00e1ci\u00f3k, de mint p\u00e9nz\u00fcgyi eszk\u00f6z\u00f6k egy hatalmas probl\u00e9m\u00e1val k\u00fczdenek: az extr\u00e9m \u00e1rfolyam-ingadoz\u00e1ssal (volatilit\u00e1ssal).<\/strong> Ha egy eszk\u00f6zzel kereskedsz, vagy egy okosszerz\u0151d\u00e9sben hitelt veszel fel, nem haszn\u00e1lhatsz egy olyan valut\u00e1t elsz\u00e1mol\u00e1si egys\u00e9gk\u00e9nt, amelynek az \u00e9rt\u00e9ke naponta 10-20%-ot mozoghat. A hagyom\u00e1nyos p\u00e9nz\u00fcgyi vil\u00e1g (TradFi) \u00e9s a blokkl\u00e1nc technol\u00f3gia k\u00f6z\u00f6tt h\u00eddra volt sz\u00fcks\u00e9g.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ezt az \u0171rt t\u00f6lt\u00f6tt\u00e9k be a stablecoinok. <strong>Ezek olyan digit\u00e1lis tokenek, amelyek a blokkl\u00e1ncon l\u00e9teznek, de az \u00e9rt\u00e9k\u00fck mesters\u00e9gesen k\u00f6tve van p\u00e9ld\u00e1ul 1 amerikai doll\u00e1rhoz, eur\u00f3hoz, de ak\u00e1r az arany \u00e1rfolyam\u00e1hoz is.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A 2026-os piacra a stablecoinok nem csup\u00e1n egyszer\u0171 fizet\u0151eszk\u00f6z\u00f6kk\u00e9, hanem a teljes t\u00f6bb sz\u00e1zmilli\u00e1rd doll\u00e1ros DeFi \u00f6kosziszt\u00e9ma v\u00e9rkering\u00e9s\u00e9v\u00e9 v\u00e1ltak. De hogyan k\u00e9pes egy kriptovaluta stabil maradni, \u00e9s milyen \u00fczleti modellek \u00e1llnak a h\u00e1tt\u00e9rben?<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcb2A stablecoinok 3 f\u0151 kateg\u00f3ri\u00e1ja<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Nem minden stablecoin m\u0171k\u00f6dik ugyan\u00fagy. <strong>A legfontosabb k\u00fcl\u00f6nbs\u00e9g az egyes stablecoin-ok k\u00f6z\u00f6tt a mechanizmus, amivel biztos\u00edtj\u00e1k, hogy a tokenjeik k\u00f6vetni tudj\u00e1k az amerikai doll\u00e1r (vagy egy\u00e9b eszk\u00f6z) \u00e1rfolyam\u00e1t, ezt nevezik pegging mechanizmusnak.<\/strong> Jelenleg n\u00e9gy f\u0151 kateg\u00f3ri\u00e1t k\u00fcl\u00f6nb\u00f6ztet\u00fcnk meg:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83e\ude991. Centraliz\u00e1lt, fiat-fedezet\u0171 stablecoinok<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">N\u00e9zz\u00fck meg r\u00e9szletesebben a szektor legnagyobb hagyom\u00e1nyos c\u00e9geinek az \u00fczleti modellj\u00e9t. <strong>A stablecoin-kibocs\u00e1t\u00f3k fiat bet\u00e9teket fogadnak be (doll\u00e1r, eur\u00f3, stb.), azokat sok esetben r\u00f6vid lej\u00e1rat\u00fa \u00e1llampap\u00edrokba fektetik, cser\u00e9be blokkl\u00e1ncon fut\u00f3 tokeneket (stablecoinokat) bocs\u00e1tanak ki.<\/strong> A Circle \u00e1ltal kibocs\u00e1tott USDC token p\u00e9ld\u00e1ul a blokkl\u00e1ncon $1 \u00e9rt\u00e9k k\u00f6r\u00fcl ingadozik nagyon sz\u0171k s\u00e1vban, mivel a c\u00e9g akkor bocs\u00e1t ki 1 USDC-t, ha $1 tartal\u00e9kk\u00e9nt rendelkez\u00e9sre \u00e1ll a hagyom\u00e1nyos banksz\u00e1ml\u00e1jukon, ez\u00e9rt 1 USDC b\u00e1rmikor direktben visszav\u00e1lthat\u00f3 $1-ra.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"597\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/stablecoin_supply_by_issuer-1024x597.png.webp\" alt=\"forr\u00e1s: ARK Invest 2025 Q3 DeFi report, a stable coint kibocs\u00e1t\u00f3 kriptor\u00e9szv\u00e9nyek\" class=\"wp-image-8939 lazyload\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/stablecoin_supply_by_issuer-1024x597.png.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/stablecoin_supply_by_issuer-414x242.png.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/stablecoin_supply_by_issuer-768x448.png.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/stablecoin_supply_by_issuer.png.webp 1200w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/597;\" \/><figcaption class=\"wp-element-caption\">forr\u00e1s: ARK Invest 2025 Q3 DeFi report<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/invite.kraken.com\/JDNW\/4mxe6x6c\" target=\"_blank\" rel=\" noreferrer noopener\"><img decoding=\"async\" width=\"1024\" height=\"256\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/kraken-banner-white-purple-1024x256.jpg.webp\" alt=\"\" class=\"wp-image-9846 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/256;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/kraken-banner-white-purple-1024x256.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/kraken-banner-white-purple-414x104.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/kraken-banner-white-purple-768x192.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/kraken-banner-white-purple-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A k\u00e9t legnagyobb szerepl\u0151 a Tether \u00e9s a Circle, akik a USDT \u00e9s a USDC doll\u00e1r alap\u00fa stablecoin-ok kibocs\u00e1t\u00f3i.<\/strong><\/p>\n\n\n\n<pre class=\"wp-block-preformatted\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">\ud83d\udca1Az ut\u00f3bbi id\u0151ben n\u00e9h\u00e1ny kripto nat\u00edv projekt is elindult ebbe az ir\u00e1nyba \u00e9s b\u00e1r az \u00fczletmenet nem egy hagyom\u00e1nyos c\u00e9gen kereszt\u00fcl t\u00f6rt\u00e9nik, mint a Circle \u00e9s a Tether eset\u00e9ben, a stablecoin kibocs\u00e1jt\u00e1s \u00e9s a fedezet kezel\u00e9se ugyan\u00fagy m\u0171k\u00f6dik. P\u00e9ld\u00e1ul a Frax Finance \u00faj stablecoin-ja, a frxUSD is ezen alapszik (<a href=\"https:\/\/frax.com\/frxUSD\" target=\"_blank\" rel=\"noreferrer noopener\">frxUSD<\/a>).<\/mark><\/strong><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">Ha valamelyik token \u00e1rfolyama rendszeresen elt\u00e1volodik az $1 \u00e9rt\u00e9kt\u0151l, akkor ezt ilyen c\u00e9lra nem fogj\u00e1k a befektet\u0151k haszn\u00e1lni, mivel a l\u00e9nyeg pont az lenne, hogy az \u00e1rfolyam ne ingadozzon. A Circle \u00e9s a Tether pegging mechanizmusa szerencs\u00e9re nagyon biztons\u00e1gos, a tokenek b\u00e1rmikor visszav\u00e1lthat\u00f3ak az \u0151ket reprezent\u00e1l\u00f3 hagyom\u00e1nyos deviz\u00e1kra vagy eszk\u00f6z\u00f6kre.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A stablecoin-ok m\u00e1ra a blokkl\u00e1nc h\u00e1l\u00f3zat egyik, ha nem a legfontosabb eszk\u00f6zei lettek, a h\u00e1l\u00f3zatokon t\u00f6rt\u00e9n\u0151 tranzakci\u00f3k legnagyobb r\u00e9sz\u00e9t valamilyen stablecoin-nal v\u00e9gzik.<\/strong> Ahogy az al\u00e1bbi \u00e1br\u00e1n is l\u00e1tszik, a USDC piaci kapitaliz\u00e1ci\u00f3j\u00e1val egy\u00fctt rohamosan n\u0151tt az elm\u00falt egy \u00e9v sor\u00e1n a haszn\u00e1lata is, \u00e9s ezt minden ipar\u00e1gi adat al\u00e1 is t\u00e1masztja.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"391\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Bilde_2026-02-16_153533046-1024x391.png.webp\" alt=\"Circle (CRCL) n\u00f6veked\u00e9si sz\u00e1mok, Circle 2025 Q3 report\" class=\"wp-image-8944 lazyload\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Bilde_2026-02-16_153533046-1024x391.png.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Bilde_2026-02-16_153533046-414x158.png.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Bilde_2026-02-16_153533046-768x293.png.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Bilde_2026-02-16_153533046.png.webp 1195w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/391;\" \/><figcaption class=\"wp-element-caption\">Circle (<a class=\"nturl\" href=\"https:\/\/iocharts.io\/stocks\/CRCL\">CRCL<\/a>) n\u00f6veked\u00e9si sz\u00e1mok, Circle 2025 Q3 report<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A modell el\u0151nye az extr\u00e9m likvidit\u00e1s \u00e9s stabilit\u00e1s. Ezek \u00f3ri\u00e1si c\u00e9gek, \u00f3ri\u00e1si mennyis\u00e9g\u0171 kering\u00e9sben lev\u0151 tokennel (USDC, USDT).<\/li>\n\n\n\n<li>A kock\u00e1zat viszont, hogy ezek a c\u00e9gek k\u00f6zpontos\u00edtottak. Ha a hat\u00f3s\u00e1gok \u00fagy d\u00f6ntenek, a Circle vagy a Tether egyetlen gombnyom\u00e1ssal befagyaszthatja a t\u00e1rc\u00e1dban l\u00e9v\u0151 tokeneket, amire volt is kor\u00e1bban p\u00e9lda. Ezt persze illeg\u00e1lis tev\u00e9kenys\u00e9gek eset\u00e9n tett\u00e9k meg, de m\u00e9gis szembemegy a blokkl\u00e1nc alap filoz\u00f3fi\u00e1j\u00e1val, miszerint a tulajdonos teljes kontrollal rendelkezik az eszk\u00f6zei felett.<\/li>\n<\/ul>\n\n\n\n<pre class=\"wp-block-preformatted\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">\ud83d\udca1A Circle bocs\u00e1t m\u00e9g ki eur\u00f3 alap\u00fa stablecoint (EURC), a Tether pedig k\u00ednai y\u00fcan (CNHT), mexik\u00f3i peso (MXNT), illetve arany (XAUT) alap\u00faakat is, de ezek m\u00e9rete \u00f6sszess\u00e9g\u00e9ben is elt\u00f6rp\u00fcl a USDC \u00e9s a USDT m\u00e9rete mellett.<br><br>2026-ban a blokkl\u00e1ncon lev\u0151 stablecoin-ok 99+%-a az amerikai doll\u00e1r \u00e1rfolyam\u00e1t k\u00f6veti, 0.5% az EUR-t, m\u00edg az \u00f6sszes t\u00f6bbi deviza r\u00e9szesed\u00e9se eleny\u00e9sz\u0151.<\/mark><\/strong><\/pre>\n\n\n\n<h3 class=\"wp-block-heading\">2. \u26d3\ufe0fDecentraliz\u00e1lt, t\u00falbiztos\u00edtott stablecoinok<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Ezeket nem egy c\u00e9g, hanem okosszerz\u0151d\u00e9sek bocs\u00e1tj\u00e1k ki. <strong>Hogy garant\u00e1lj\u00e1k az 1 doll\u00e1ros \u00e9rt\u00e9ket, a felhaszn\u00e1l\u00f3knak m\u00e1s kriptovalut\u00e1t (pl. Ethert, vagy Bitcoint) kell fedezetk\u00e9nt let\u00e9tbe helyezni\u00fck. Mivel az Ether \u00e1ra ingadozik, a rendszert t\u00falbiztos\u00edtj\u00e1k:<\/strong> p\u00e9ld\u00e1ul 150 doll\u00e1rnyi ETH-t kell let\u00e9tbe helyezned ahhoz, hogy 100 doll\u00e1rnyi stablecoint gener\u00e1lhass (minting). Ha az ETH \u00e1ra esik, az okosszerz\u0151d\u00e9s automatikusan eladja (likvid\u00e1lja) a fedezetedet, hogy a stablecoin \u00e9rt\u00e9ke megmaradjon.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"299\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/susd-1024x299.jpg.webp\" alt=\"\" class=\"wp-image-11335 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/299;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/susd-1024x299.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/susd-414x121.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/susd-768x225.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/susd-1536x449.jpg.webp 1536w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/susd-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">Forr\u00e1s: <a href=\"https:\/\/sky.money\" target=\"_blank\" rel=\"noreferrer noopener\">Sky.money<\/a>, sUSDS token<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A t\u00falbiztos\u00edtott stablecoinok egyik legels\u0151 szerepl\u0151je a MakerDAO volt, a DAI stablecoinnal (a leges legels\u0151 a BitUSD volt, de ez a projekt nem \u00e9lte t\u00fal), ahol el\u0151sz\u00f6r ETH tokenek biztos\u00edtott\u00e1k a fedezetet, majd m\u00e1s eszk\u00f6z\u00f6ket is id\u0151vel el\u00e9rhet\u0151v\u00e9 tettek, k\u00f6zt\u00fck a USDC stablecoint (amit egy hagyom\u00e1nyos c\u00e9g, a Circle bocs\u00e1jt ki, b\u0151vebben az el\u0151z\u0151 szekci\u00f3ban). Emiatt sok kritika \u00e9rte a MakerDAO-t, mivel sokak szem\u00e9ben ezzel szembementek a kripto ethosz\u00e1val \u00e9s a DAI-t innent\u0151l nem csak kripto-nat\u00edv eszk\u00f6z\u00f6k biztos\u00edtott\u00e1k.<strong> Ennek ellen\u00e9re a projekt az egyik legsikeresebb kripto projekt a mai napig, id\u0151k\u00f6zben brandet v\u00e1ltottak \u00e9s \u00edgy lett a MakerDAO-b\u00f3l Sky, a DAI helyett pedig egy \u00faj stablecoint bocs\u00e1jtanak ki, az sUSD-t<\/strong> (b\u00e1r a DAI is p\u00e1rhuzamosan forgalomban van) (<a href=\"https:\/\/sky.money\" target=\"_blank\" rel=\"noreferrer noopener\">Sky.money<\/a>, <a class=\"nturl\" href=\"https:\/\/iocharts.io\/crypto\/sky\" target=\"_blank\" rel=\"noreferrer noopener\">SKY<\/a>)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ugyanilyen elven m\u0171k\u00f6dik a Liquity projekt, ahol a l\u00e9nyeg a teljes kripto nat\u00edv mechanizmuson van \u00e9s a rendszer csakis ETH tokent haszn\u00e1l fedezetk\u00e9nt.<\/strong> Ez a projekt az egyik legf\u00fcggetlenebb a szab\u00e1lyoz\u00f3i kock\u00e1zatt\u00f3l. Az LUSD \u00e9s a BOLD stablecoinok kibocs\u00e1jt\u00f3ja. (<a href=\"https:\/\/www.liquity.org\" target=\"_blank\" rel=\"noreferrer noopener\">Liquity<\/a>, <a class=\"nturl\" href=\"https:\/\/iocharts.io\/crypto\/liquity\" target=\"_blank\" rel=\"noreferrer noopener\">LQTY<\/a>)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00c9rdemes megeml\u00edteni a Curve Finance \u00e1ltal kibocs\u00e1jtott crvUSD tokent, ami egy innovat\u00edv mechanizmuson kereszt\u00fcl biztos\u00edtja az \u00e1rfolyam stabilit\u00e1s\u00e1t (<a href=\"https:\/\/www.curve.finance\/crvusd\/ethereum\/scrvUSD\" target=\"_blank\" rel=\"noreferrer noopener\">crvUSD<\/a>, <a class=\"nturl\" href=\"https:\/\/iocharts.io\/crypto\/curve-dao-token\" target=\"_blank\" rel=\"noreferrer noopener\">CRV<\/a>). <strong>M\u00edg a t\u00f6bbi projekt eset\u00e9ben a fedezet \u00e9rt\u00e9k\u00e9nek kritikus szint al\u00e1 cs\u00f6kken\u00e9se eset\u00e9ben a rendszer \u00e1ltal\u00e1ban a teljes poz\u00edci\u00f3t likvid\u00e1lja (ami a hitelfelvev\u0151knek az egyik legkellemetlenebb dolog), a crvUSD eset\u00e9n a rendszer folyamatosan igaz\u00edtja a fedezet \u00e9rt\u00e9k\u00e9t ahogy az \u00e1rak v\u00e1ltoznak.<\/strong> Ez egyr\u00e9szr\u0151l k\u00e9nyelmes a hitelfelvev\u0151knek, mivel nem kell folyamatosan k\u00f6vetni a fedezet \u00e9rt\u00e9k\u00e9t, m\u00e1sr\u00e9szr\u0151l soha nincs hirtelen likvid\u00e1ci\u00f3.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"239\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/image-11-1024x239.png.webp\" alt=\"\" class=\"wp-image-11336 lazyload\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/image-11-1024x239.png.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/image-11-414x97.png.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/image-11-768x179.png.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/image-11-1536x359.png.webp 1536w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/image-11.png.webp 1683w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/239;\" \/><figcaption class=\"wp-element-caption\">Forr\u00e1s: <a href=\"https:\/\/www.curve.finance\/crvusd\/ethereum\/scrvUSD\" target=\"_blank\" rel=\"noreferrer noopener\">crvUSD markets<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A modellnek sz\u00e1mos egy\u00e9b k\u00e9pvisel\u0151je van, a cikk \u00edr\u00e1s\u00e1nak az id\u0151pontj\u00e1ban a legnagyobb kripto projekt, az Aave is bocs\u00e1jt ki saj\u00e1t stablecoint, a GHO-t, amit meglev\u0151 Aave lending poz\u00edci\u00f3 ellen\u00e9ben lehet mintelni (<a class=\"nturl\" href=\"https:\/\/iocharts.io\/crypto\/aave\" target=\"_blank\" rel=\"noreferrer noopener\">AAVE<\/a>). A korai projektek k\u00f6z\u00fcl is m\u0171k\u00f6dik m\u00e9g p\u00e1r, p\u00e9ld\u00e1ul az Abracadabra, akiknek a stablecoinj\u00e1r\u00f3l majdnem mindenki hallott m\u00e1r a kript\u00f3 k\u00f6z\u00f6ss\u00e9gben (a token neve MIM, azaz Magic Internet Money).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Egy komoly probl\u00e9ma azonban ezzel a modellel, hogy a maxim\u00e1lisan ilyen alapon forgalomba helyezhet\u0151 stablecoinok mennyis\u00e9g\u00e9t a kripto piac m\u00e9rete limit\u00e1lja.<\/strong> Mivel 1 stablecoin kibocs\u00e1jt\u00e1s\u00e1hoz minimum $1.2-1.3 \u00e9rt\u00e9k\u0171 fedezetre van sz\u00fcks\u00e9g, ez\u00e9rt m\u00e9g akkor is, ha az \u00f6sszes l\u00e9tez\u0151 kripto eszk\u00f6z fedezetk\u00e9nt lenne haszn\u00e1lva ilyen okosszerz\u0151d\u00e9sekben, akkor is csak a teljes kripto piaci kapitaliz\u00e1ci\u00f3 70-75%-\u00e1val egyen\u00e9rt\u00e9k\u0171 stablecoin-t lehetne kibocs\u00e1jtani. \u00c9s figyelembe v\u00e9ve, hogy mennyi egy\u00e9b dologra haszn\u00e1lhat\u00f3ak fel a kripto eszk\u00f6z\u00f6k, ez a sz\u00e1m l\u00e9nyegesebben alacsonyabb a gyakorlatban.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u00cdgy teh\u00e1t, b\u00e1r nagyszer\u0171 mechanizmusr\u00f3l van sz\u00f3, lehetetlen a gyakorlatban csak erre az egyetlen kibocs\u00e1jt\u00e1si rendszerre t\u00e1maszkodni.<\/strong><\/p>\n\n\n\n<pre class=\"wp-block-preformatted\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">\ud83d\udca1\u00c9rdemes itt megeml\u00edteni azokat a tokeneket, amiket szeretnek \u00e1ltal\u00e1noss\u00e1gban stablecoink\u00e9nt kezelni, azonban a gyakorlatban sokkal jobban ingadozik az \u00e9rt\u00e9k\u00fck, mint a fent eml\u00edtett eszk\u00f6z\u00f6knek. Egy p\u00e9lda az Alchemix Finance tokenje, az alUSD, amely az amerikai doll\u00e1r \u00e1rfolyam\u00e1t hivatott laz\u00e1n k\u00f6vetni, azonban a rendszer design l\u00e9nyege, hogy p\u00e1r sz\u00e1zal\u00e9kponttal mindig kevesebbet kell, hogy \u00e9rjen (<a href=\"https:\/\/alchemix.fi\/fixed-yield\" target=\"_blank\" rel=\"noreferrer noopener\">Alchemix fix-yield product<\/a>).<br><br>Illetve \u00e9rdekes p\u00e9lda m\u00e9g a pmUSD-t kibocs\u00e1jt\u00f3 RAAC project, amely a pmUSD fedezetek\u00e9nt aranyat haszn\u00e1l. A probl\u00e9ma, hogy ha az arany \u00e1ra \u00f3ri\u00e1sit zuhan, akkor a fedezet nem sz\u00e1molhat\u00f3 fel olyan egyszer\u0171en, mint a teljesen kripto-nat\u00edv protokollok eset\u00e9n. A fedezetet hosszadalmas jogi elj\u00e1r\u00e1sokon kereszt\u00fcl lehet likvid\u00e1lni \u00e9s visszafizetni. \u00c9ppen ez\u00e9rt a cikk \u00edr\u00e1sakor a pmUSD \u00e1ra $0.87, annak ellen\u00e9re, hogy a rendszer 120%-ban t\u00falbiztos\u00edtott.<br><br>Az\u00e9rt \u00e9rdemes ezekr\u0151l az egyedi mechanizmusokr\u00f3l besz\u00e9lni, mert ahogy l\u00e1that\u00f3, nem mindig lehet\u00fcnk biztosak abban, hogy amikor egy stablecoin-t megvesz\u00fcnk, annak az \u00e9rt\u00e9ke val\u00f3ban $1 lesz amikor azt el akarjuk adni.<\/mark><\/strong><\/pre>\n\n\n\n<h3 class=\"wp-block-heading\">3. \u2195\ufe0fSzintetikus \u00e9s delta-semleges stablecoinok<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A 2024-2026-os id\u0151szak fontos innov\u00e1ci\u00f3i. A rendszer \u00fagy tartja az 1 doll\u00e1ros \u00e1rat, hogy az okosszerz\u0151d\u00e9sbe tett let\u00e9ttel p\u00e1rhuzamosan a hat\u00e1rid\u0151s piacon (perpetual futures) felvesz egy azzal ellent\u00e9tes (short) poz\u00edci\u00f3t. <strong>\u00cdgy ha a kriptopiac esik vagy n\u0151, a k\u00e9t poz\u00edci\u00f3 kioltja egym\u00e1st (delta-semleges), az \u00e9rt\u00e9k pedig 1 doll\u00e1r marad.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"387\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/usde-1024x387.jpg.webp\" alt=\"\" class=\"wp-image-11338 lazyload\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/usde-1024x387.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/usde-414x156.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/usde-768x290.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/usde-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/387;\" \/><figcaption class=\"wp-element-caption\">Forr\u00e1s: <a href=\"https:\/\/ethena.fi\" target=\"_blank\" rel=\"noreferrer noopener\">Ethena.fi<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Ennek a rendszernek a jelenlegi legfontosabb k\u00e9pvisel\u0151je az Ethena \u00e9s az USDe token. Itt is a kor\u00e1bbiakkal hasonl\u00f3an fedezet van az okosszerz\u0151d\u00e9sekben, azonban ahelyett, hogy a fedezet \u00e9rt\u00e9k\u00e9nek a cs\u00f6kken\u00e9se eset\u00e9n likvid\u00e1ci\u00f3 t\u00f6rt\u00e9nne, a rendszer biztos\u00edtja, hogy sose kelljen ehhez folyamodni, mivel a hedging mechanizmusokkal stabiliz\u00e1lja a fedezet \u00e9rt\u00e9k\u00e9t.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A projekt pedig a fedezetk\u00e9nt haszn\u00e1lt eszk\u00f6z\u00f6k\u00f6n hozamot termel, amit az USDe tulajdonosoknak visszaoszt.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. \ud83c\udfa2Egy\u00e9b stablecoinok<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A DeFi indul\u00e1sakor sz\u00e1mtalan projekt indult amelyeknek a c\u00e9lja egy m\u0171k\u00f6d\u0151 stablecoin l\u00e9trehoz\u00e1sa volt. \u00c1ltal\u00e1noss\u00e1gban a fenti probl\u00e9m\u00e1t pr\u00f3b\u00e1lt\u00e1k megoldani, miszerint fedezetre van sz\u00fcks\u00e9g ahhoz, hogy stablecoint lehessen l\u00e9trehozni. T\u00f6bbf\u00e9le elk\u00e9pzelt megold\u00e1s is volt, de a legt\u00f6bb esetben egy dual-token strukt\u00fara volt hivatott a feladatot megoldani.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A dual-token strukt\u00fara l\u00e9nyege, hogy k\u00e9t tokent hoz l\u00e9tre egy projekt: Mag\u00e1t a stablecoint \u00e9s egy governance tokent. A governance token gyakorlatilag a project f\u00f6l\u00f6tt k\u00edn\u00e1l ir\u00e1ny\u00edt\u00e1st, hagyom\u00e1nyos \u00e9rtelemben ez egy r\u00e9szv\u00e9nynek felelne meg egy v\u00e1llalatban. Governance tokeneket most is haszn\u00e1lnak, a legt\u00f6bb kript\u00f3 nat\u00edv projekt bocs\u00e1jt ki ilyen tokent (R\u00e9szletesebben itt: <a href=\"https:\/\/iocharts.io\/blog\/kripto-fundamentalis-elemzes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Kripto fundament\u00e1lis elemz\u00e9s \u00fatmutat\u00f3 \u00e9s tippek<\/a>). A governance tokent megv\u00e1s\u00e1rolva \u00e9s el\u00e9getve (destroy) nyomtathatunk (mintelhet\u00fcnk) a projekt stablecoinj\u00e1b\u00f3l. $1 \u00e9rt\u00e9k\u0171 governance token el\u00e9get\u00e9s\u00e9\u00e9rt 1 stablecoint.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ez addig nagyon j\u00f3l m\u0171k\u00f6dik, am\u00edg a governance token \u00e1ra felfel\u00e9 megy. Ha valaki stablecoint akar szerezni, a governance tokenb\u0151l kell vennie, ami folyamatosan n\u00f6veli a governance token \u00e1r\u00e1t \u00e9s 1 governance token\u00e9rt egyre t\u00f6bb stablecoint lehet nyomtatni. Azonban ha a tulajdonosok el akarj\u00e1k hagyni a rendszert \u00e9s a stablecoinjaikat visszakonvert\u00e1lni, akkor a stablecoin el\u00e9get\u00e9s\u00e9\u00e9rt a rendszer governance tokeneket nyomtat (minting). Ezt a governance tokent a felhaszn\u00e1l\u00f3 eladja, ezzel cs\u00f6kkentve az \u00e1r\u00e1t. Ha sokan l\u00e9pnek ki a rendszerb\u0151l, az \u00edgy hiperinfl\u00e1ci\u00f3t okoz \u00e9s a governance token teljesen \u00e9rt\u00e9ktelenn\u00e9 v\u00e1lik. Ekkor pedig a rendszer fizet\u00e9sk\u00e9ptelenn\u00e9 v\u00e1lik, nincsen fedezet a kibocs\u00e1jtott stablecoinok m\u00f6g\u00f6tt \u00e9s ekkor mag\u00e1nak a stablecoinnak az \u00e9rt\u00e9ke is \u00f6sszeomlik.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ennek tal\u00e1n legh\u00edresebb, de mindenk\u00e9ppen legnagyobb kript\u00f3 piaci \u00f6sszeoml\u00e1st okoz\u00f3 k\u00e9pvisel\u0151je a TERRA-LUNA projekt volt, ami 18 milli\u00e1rd doll\u00e1r \u00e9rt\u00e9k\u0171 stablecoin kibocs\u00e1jt\u00e1sa ut\u00e1n (UST) kezdett el \u00f6sszeomlani 2022 m\u00e1jusban \u00e9s a fent le\u00edrt mechanizmus alapj\u00e1n esett null\u00e1ra el\u0151sz\u00f6r a governance token \u00e1ra, majd ezut\u00e1n, illetve ezzel egyid\u0151ben az UST \u00e1ra is. B\u0151vebben a Wikipedi\u00e1n: <a href=\"https:\/\/en.wikipedia.org\/wiki\/Terra_(blockchain)\" target=\"_blank\" rel=\"noreferrer noopener\">Terra (blockchain)<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"478\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/Bilde_2026-05-22_181317555-1024x478.png.webp\" alt=\"\" class=\"wp-image-11343 lazyload\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/Bilde_2026-05-22_181317555-1024x478.png.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/Bilde_2026-05-22_181317555-414x193.png.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/Bilde_2026-05-22_181317555-768x358.png.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/Bilde_2026-05-22_181317555.png.webp 1202w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/478;\" \/><figcaption class=\"wp-element-caption\">LUNA governance token, forr\u00e1s: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/terra-luna-classic\" target=\"_blank\" rel=\"noreferrer noopener\">Coingecko<\/a><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"582\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/Bilde_2026-05-22_181513886-1024x582.png.webp\" alt=\"\" class=\"wp-image-11344 lazyload\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/Bilde_2026-05-22_181513886-1024x582.png.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/Bilde_2026-05-22_181513886-414x235.png.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/Bilde_2026-05-22_181513886-768x437.png.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/05\/Bilde_2026-05-22_181513886.png.webp 1196w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/582;\" \/><figcaption class=\"wp-element-caption\">UST stablecoin, forr\u00e1s: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/terraclassicusd\" target=\"_blank\" rel=\"noreferrer noopener\">Coingecko<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Ugyanez a forgat\u00f3k\u00f6nyv lej\u00e1tsz\u00f3dott el\u0151tte m\u00e1r t\u00f6bbsz\u00f6r, de az \u00f6sszeoml\u00e1s ebben az esetben a teljes kript\u00f3 piacot mag\u00e1val r\u00e1ntotta az \u00f3ri\u00e1si m\u00e9ret\u00e9b\u0151l kifoly\u00f3lag. Ezut\u00e1n m\u00e1r mindenki sokkal \u00f3vatosabb lett a hasonl\u00f3 elven m\u0171k\u00f6d\u0151 projektekkel \u00e9s m\u00e1ra m\u00e1r majdnem az \u00f6sszes projekt a hagyom\u00e1nyosabb, bev\u00e1lt m\u00f3dszereket alkalmazza.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcb0Hogyan kereshetsz p\u00e9nzt stablecoinokkal?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A stablecoinok nem csak ideiglenes haszn\u00e1latra lettek kital\u00e1lva. Mivel az \u00e1rfolyamuk nem ingadozik, t\u00f6k\u00e9letesen alkalmasak a kock\u00e1zatker\u00fcl\u0151 befektet\u0151k sz\u00e1m\u00e1ra. Ahelyett, hogy a bankban tartan\u00e1d a doll\u00e1rodat \u00e9vi 1-3%-os kamat\u00e9rt, egy stablecoint k\u00f6lcs\u00f6nadhatsz az Aave okosszerz\u0151d\u00e9s\u00e9n kereszt\u00fcl, vagy likvidit\u00e1st biztos\u00edthatsz egy USDC\/USDT p\u00e1rnak a Curve fel\u00fclet\u00e9n, amivel stabil, doll\u00e1ralap\u00fa, \u00e9vi 5-15%-os passz\u00edv j\u00f6vedelmet (APY) gener\u00e1lhatsz an\u00e9lk\u00fcl, hogy a Bitcoin \u00e1rfolyam\u00e1nak es\u00e9se miatt agg\u00f3dnod kellene.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ez\u00e1ltal a stablecoinokon kereszt\u00fcl ismerkedik meg a legt\u00f6bb hagyom\u00e1nyos befektet\u0151 a kript\u00f3 vil\u00e1g\u00e1val. \u00dagy lehet kipr\u00f3b\u00e1lni a blokkl\u00e1nc technol\u00f3gi\u00e1t, hogy nem kell az \u00e1rfolyamingadoz\u00e1s miatt agg\u00f3dni.<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">\ud83d\udca1A yield farmingr\u00f3l egy kor\u00e1bbi cikk\u00fcnkben r\u00e9szletesen \u00edrtunk, itt tudod elolvasni: <a href=\"https:\/\/iocharts.io\/blog\/yield-farming\/\" target=\"_blank\" rel=\"noreferrer noopener\">Hogyan tudnak az eszk\u00f6zeid p\u00e9nzt gener\u00e1lni? Mi az a yield farming?<\/a><\/mark><\/strong><\/pre>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udc41\ufe0fKock\u00e1zatkezel\u00e9s \u00e9s \u00e1tl\u00e1that\u00f3s\u00e1g<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A kript\u00f3 haszn\u00e1lata sor\u00e1n nagyon fontos szem el\u0151tt tartani a kock\u00e1zatkezel\u00e9st is. Nap mint nap t\u00f6rt\u00e9nnek hackert\u00e1mad\u00e1sok, amik k\u00f6vetkezt\u00e9ben felhaszn\u00e1l\u00f3k t\u0151k\u00e9je veszik el v\u00e9glegesen.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Az okosszerz\u0151d\u00e9s kock\u00e1zatok a megfelel\u0151 megel\u0151z\u0151 kutat\u00f3munk\u00e1n k\u00edv\u00fcl csakis diverzifik\u00e1ci\u00f3val cs\u00f6kkenthet\u0151k.<\/strong> A c\u00e9l, hogy egy okosszerz\u0151d\u00e9sben lev\u0151 rejtett hiba miatt ne vesszen el a teljes vagyonunk. \u00cdgy k\u00e9nytelenek vagyunk sz\u00e1mtalan helyen \u00e9s t\u00f6bb k\u00fcl\u00f6nb\u00f6z\u0151 tokenben tartani a vagyonunkat (a tokenek t\u00f6bbnyire maguk is okosszerz\u0151d\u00e9sek, \u00edgy ezek saj\u00e1t magukban is hordoznak kock\u00e1zatot, m\u00e9g ha ez a kock\u00e1zat kisebb is, mint a komplex okosszerz\u0151d\u00e9sek eset\u00e9ben). Egy megfelel\u0151en diverzifik\u00e1lt portf\u00f3li\u00f3nak azonban nem trivi\u00e1lis a k\u00f6vet\u00e9se, ehhez mindenk\u00e9pp sz\u00fcks\u00e9ged lesz egy portf\u00f3li\u00f3 k\u00f6vet\u0151re, ahol l\u00e1thatod a kitetts\u00e9ged minden token, illetve projekt fel\u00e9. Nem \u00e1rt, ha tudod k\u00f6vetni a jutalmaid \u00e9rt\u00e9k\u00e9t is.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"379\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Bilde_2026-02-20_171918414-1024x379.png.webp\" alt=\"iO Charts portfolio manager, portf\u00f3li\u00f3 szektor megoszl\u00e1sok\" class=\"wp-image-9062 lazyload\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Bilde_2026-02-20_171918414-1024x379.png.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Bilde_2026-02-20_171918414-414x153.png.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Bilde_2026-02-20_171918414-768x284.png.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Bilde_2026-02-20_171918414.png.webp 1237w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/379;\" \/><figcaption class=\"wp-element-caption\">iO Charts portfolio manager, portf\u00f3li\u00f3 szektor megoszl\u00e1sok<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ebben tudunk seg\u00edteni mi, a DeFi projektekre specializ\u00e1l\u00f3dott portf\u00f3li\u00f3 tracker\u00fcnkkel, ahol t\u00f6bb web3 t\u00e1rc\u00e1d tartalm\u00e1t k\u00f6vetheted egyszerre, a r\u00e9szv\u00e9nyeiddel \u00e9s ETF-jeiddel egy\u00fctt, teljes lefedetts\u00e9get biztos\u00edtva a p\u00e9nz\u00fcgyi portf\u00f3li\u00f3d sz\u00e1m\u00e1ra.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">\ud83d\udca1A diverzifik\u00e1ci\u00f3 \u00e9s a megfelel\u0151 portf\u00f3li\u00f3k\u00f6vet\u00e9s egy\u00fctt teszi kezelhet\u0151v\u00e9 a DeFi kock\u00e1zatait.<\/mark><\/strong> <strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">Pr\u00f3b\u00e1ld ki a Portf\u00f3li\u00f3 K\u00f6vet\u0151nket: <a class=\"nturl\" href=\"https:\/\/iocharts.io\/portfolio\" target=\"_blank\" rel=\"noreferrer noopener\">iO Charts Portfolio Manager<\/a><\/mark><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<!-- ============================================================\n     GY\u00cdK ACCORDION - iO Charts (Stablecoin cikk)\n     ============================================================ -->\n<style>\n.io-faq {\n  --faq-navy:      #1b3a5f;\n  --faq-accent:    #e2662c;\n  --faq-text:      #333333;\n  --faq-line:      #dfe5ec;\n  --faq-hover:     #eef4fa;\n  --faq-bg:        #f4f8fc;\n\n  background: var(--faq-bg);\n  padding: 2em 2em 1.5em 2em;\n  border-radius: 10px;\n  max-width: 100%;\n  margin: 2.5em 0;\n}\n\n.io-faq__title {\n  text-align: center;\n  color: var(--faq-navy);\n  margin: 0 0 1.5em 0;\n}\n\n.io-faq__subtitle {\n  display: flex;\n  align-items: center;\n  gap: 1.1em;\n  color: var(--faq-accent);\n  margin: 0 0 1.8em 0;\n  font-size: .95em;\n  white-space: nowrap;\n}\n\n.io-faq__subtitle::before,\n.io-faq__subtitle::after {\n  content: \"\";\n  flex: 1;\n  height: 1px;\n  opacity: .45;\n}\n\n.io-faq__subtitle::before {\n  background: linear-gradient(to right, transparent, var(--faq-accent));\n}\n\n.io-faq__subtitle::after {\n  background: linear-gradient(to left, transparent, var(--faq-accent));\n}\n\n.io-faq__intro {\n  text-align: left;\n  color: var(--faq-text);\n  line-height: 1.7;\n  margin: 0 0 2em 0;\n}\n\n.io-faq__intro p { margin: 0 0 .9em 0; }\n.io-faq__intro p:last-child { margin-bottom: 0; }\n\n.io-faq__item {\n  border-bottom: 1px solid var(--faq-line);\n}\n\n.io-faq__item:first-of-type {\n  border-top: 1px solid var(--faq-line);\n}\n\n.io-faq__q {\n  display: block;\n  padding: 18px 44px 18px 4px;\n  margin: 0;\n  cursor: pointer;\n  position: relative;\n  list-style: none;\n  transition: background .15s ease;\n}\n\n.io-faq__q::-webkit-details-marker { display: none; }\n.io-faq__q::marker { content: \"\"; }\n\n.io-faq__q:hover { background: var(--faq-hover); }\n\n.io-faq__q h3 {\n  margin: 0;\n  padding: 0;\n  font-size: 1.08em;\n  font-weight: 700;\n  line-height: 1.45;\n  color: var(--faq-navy);\n  font-family: inherit;\n  border: 0;\n}\n\n.io-faq__q::after {\n  content: \"\";\n  position: absolute;\n  right: 14px;\n  top: 50%;\n  width: 9px;\n  height: 9px;\n  border-right: 2px solid var(--faq-navy);\n  border-bottom: 2px solid var(--faq-navy);\n  transform: translateY(-70%) rotate(45deg);\n  transition: transform .25s ease;\n}\n\n.io-faq__item[open] .io-faq__q h3 { color: var(--faq-accent); }\n\n.io-faq__item[open] .io-faq__q::after {\n  border-color: var(--faq-accent);\n  transform: translateY(-25%) rotate(-135deg);\n}\n\n.io-faq__a {\n  padding: 0 44px 20px 4px;\n  color: var(--faq-text);\n  line-height: 1.7;\n}\n\n.io-faq__a p { margin: 0 0 .8em 0; }\n.io-faq__a p:last-child { margin-bottom: 0; }\n\n.io-faq__disclaimer {\n  margin: 2em 0 0 0;\n  padding: 16px 18px;\n  border-left: 3px solid var(--faq-accent);\n  background: rgba(255, 255, 255, .55);\n  border-radius: 6px;\n  color: var(--faq-text);\n  font-size: .85em;\n  font-style: italic;\n  line-height: 1.6;\n  opacity: .9;\n}\n\n.io-faq__disclaimer strong {\n  font-style: normal;\n  color: var(--faq-navy);\n}\n\n@media (max-width: 600px) {\n  .io-faq { padding: 1.5em 1.2em 1em 1.2em; }\n  .io-faq__q { padding: 15px 38px 15px 2px; }\n  .io-faq__q h3 { font-size: 1em; }\n  .io-faq__a { padding: 0 10px 16px 2px; }\n  .io-faq__disclaimer { padding: 14px; }\n}\n\n@media (max-width: 480px) {\n  .io-faq__subtitle { gap: .6em; font-size: .85em; }\n}\n<\/style>\n\n<div class=\"io-faq\" id=\"gyik\">\n  <h2 class=\"io-faq__title\">Gyakran Ism\u00e9telt K\u00e9rd\u00e9sek a stablecoinokr\u00f3l<\/h2>\n  <p class=\"io-faq__subtitle\">V\u00e1laszok a leggyakoribb k\u00e9rd\u00e9sekre<\/p>\n  <div class=\"io-faq__intro\">\n    <p>Stablecoint haszn\u00e1ln\u00e1l, de nem \u00e9rted, hogyan tudja tartani a doll\u00e1rt? Itt t\u00f6m\u00f6r v\u00e1laszokat tal\u00e1lsz a legt\u00f6bbet k\u00e9rdezett t\u00e9m\u00e1kra: elvesz\u00edtheti-e egy stablecoin az 1 doll\u00e1ros \u00e9rt\u00e9k\u00e9t, miben t\u00e9r el a Tether a Circle-t\u0151l, milyen hozam re\u00e1lis a DeFi-ben, hogyan v\u00e1lts hagyom\u00e1nyos p\u00e9nzt stablecoinra, \u00e9s biztons\u00e1gosak-e a decentraliz\u00e1lt v\u00e1ltozatok.<\/p>\n    <p>Kattints b\u00e1rmelyik k\u00e9rd\u00e9sre, \u00e9s kiny\u00edlik a v\u00e1lasz. Ezek sz\u00e1nd\u00e9kosan r\u00f6vid \u00f6sszefoglal\u00f3k: ha a r\u00e9szletek is \u00e9rdekelnek \u2014 a n\u00e9gy pegging mechanizmust\u00f3l a fedezeti matematik\u00e1n \u00e1t a TERRA-LUNA \u00f6sszeoml\u00e1s\u00e1ig \u2014, azokat feljebb, a cikk megfelel\u0151 fejezeteiben bontjuk ki b\u0151vebben.<\/p>\n  <\/div>\n  <details class=\"io-faq__item\">\n    <summary class=\"io-faq__q\"><h3>Elvesz\u00edtheti egy stablecoin az 1 doll\u00e1ros \u00e9rt\u00e9k\u00e9t?<\/h3><\/summary>\n    <div class=\"io-faq__a\">\n      <p>Igen. Ezt nevezz\u00fck \u201ede-peg\u201d-nek. Ha a kibocs\u00e1t\u00f3 bankja cs\u0151dbe megy (mint ahogy az USDC eset\u00e9ben a Silicon Valley Bank kr\u00edzisekor r\u00f6vid id\u0151re megt\u00f6rt\u00e9nt), vagy a k\u00f3d meghib\u00e1sodik egy decentraliz\u00e1lt tokenn\u00e9l, az \u00e1rfolyam 1 doll\u00e1r al\u00e1 eshet. A j\u00f3l struktur\u00e1lt stablecoinok azonban eddig mindig visszanyert\u00e9k az \u00e9rt\u00e9k\u00fcket.<\/p>\n    <\/div>\n  <\/details>\n  <details class=\"io-faq__item\">\n    <summary class=\"io-faq__q\"><h3>Mi a k\u00fcl\u00f6nbs\u00e9g a Tether (USDT) \u00e9s a Circle (USDC) k\u00f6z\u00f6tt?<\/h3><\/summary>\n    <div class=\"io-faq__a\">\n      <p>Mindkett\u0151 centraliz\u00e1lt, fiat-fedezet\u0171 stablecoin, de a transzparenci\u00e1ban \u00e9s a szab\u00e1lyoz\u00e1sban t\u00e9rnek el. Az USDC-t egy amerikai sz\u00e9khely\u0171 c\u00e9g (Circle) bocs\u00e1tja ki, szigor\u00fa amerikai p\u00e9nz\u00fcgyi szab\u00e1lyoz\u00e1sok \u00e9s rendszeres k\u00f6nyvvizsg\u00e1latok mellett. A Tether (USDT) a leglikvidebb \u00e9s legnagyobb token, de offshore strukt\u00far\u00e1ban m\u0171k\u00f6dik, \u00e9s t\u00f6rt\u00e9nelmileg kev\u00e9sb\u00e9 volt \u00e1tl\u00e1that\u00f3 a fedezeti h\u00e1ttere.<\/p>\n    <\/div>\n  <\/details>\n  <details class=\"io-faq__item\">\n    <summary class=\"io-faq__q\"><h3>Milyen hozamot lehet el\u00e9rni stablecoinokkal a DeFi-ben?<\/h3><\/summary>\n    <div class=\"io-faq__a\">\n      <p>A piaci ciklust\u00f3l f\u00fcgg. Bikapiacon (amikor sokan vesznek fel hitelt t\u0151ke\u00e1tt\u00e9teles keresked\u00e9shez) a stablecoinok hitelez\u00e9si kamata ak\u00e1r \u00e9vi 10-20% is lehet. Nyugodtabb, konszolid\u00e1ltabb piacokon ez \u00e1ltal\u00e1ban 5-8% k\u00f6z\u00f6tt mozog, ami m\u00e9g mindig jelent\u0151sen fel\u00fclteljes\u00edti a hagyom\u00e1nyos banki doll\u00e1rkamatokat.<\/p>\n    <\/div>\n  <\/details>\n  <details class=\"io-faq__item\">\n    <summary class=\"io-faq__q\"><h3>Hogyan tudom a hagyom\u00e1nyos p\u00e9nzemet (fiat) stablecoinra v\u00e1ltani?<\/h3><\/summary>\n    <div class=\"io-faq__a\">\n      <p>A legegyszer\u0171bb m\u00f3dja egy szab\u00e1lyozott, centraliz\u00e1lt t\u0151zsde (mint a Kraken, a Coinbase vagy a Binance) haszn\u00e1lata. Itt hagyom\u00e1nyos bankk\u00e1rty\u00e1s fizet\u00e9ssel vagy SEPA banki utal\u00e1ssal felt\u00f6lt\u00f6d az eur\u00f3dat vagy a doll\u00e1radat, majd egy kattint\u00e1ssal USDC-re vagy USDT-re v\u00e1ltod, amit azt\u00e1n kiutalhatsz a saj\u00e1t DeFi t\u00e1rc\u00e1dba (pl. MetaMask).<\/p>\n    <\/div>\n  <\/details>\n  <details class=\"io-faq__item\">\n    <summary class=\"io-faq__q\"><h3>Biztons\u00e1gos a decentraliz\u00e1lt stablecoinokat (pl. DAI\/USDS) haszn\u00e1lni?<\/h3><\/summary>\n    <div class=\"io-faq__a\">\n      <p>A MakerDAO rendszere a DeFi egyik legr\u00e9gebbi, legteszteltebb \u00e9s legellen\u00e1ll\u00f3bb okosszerz\u0151d\u00e9s-h\u00e1l\u00f3zata. Mivel nincs egy k\u00f6zponti banksz\u00e1mla, amit egy hat\u00f3s\u00e1g befagyaszthatna, sok befektet\u0151 szerint a decentraliz\u00e1lt stablecoinok jelentik a val\u00f3di, cenz\u00fara-rezisztens \u201ekripto doll\u00e1rt\u201d. Ugyanakkor ezekn\u00e9l mindig jelen van a k\u00f3dol\u00e1si (okosszerz\u0151d\u00e9s) hib\u00e1k kock\u00e1zata.<\/p>\n    <\/div>\n  <\/details>\n  <p class=\"io-faq__disclaimer\">\n    <strong>Jogi \u00e9s felel\u0151ss\u00e9gi nyilatkozat (aka. disclaimer):<\/strong> a cikkeim mag\u00e1nv\u00e9lem\u00e9nyt tartalmaznak, kiz\u00e1r\u00f3lag a saj\u00e1t \u00e9s az olvas\u00f3k\u00f6z\u00f6ns\u00e9g sz\u00f3rakoztat\u00e1s\u00e1ra \u00edrom \u0151ket. Az itt megjelen\u0151 cikkek semmilyen form\u00e1ban NEM mer\u00edtik ki a befektet\u00e9si tan\u00e1csad\u00e1s t\u00e9mak\u00f6r\u00e9t. Soha nem akartam, nem is akarok \u00e9s a j\u00f6v\u0151ben sem val\u00f3sz\u00edn\u0171, hogy fogok ilyet adni. Az itt le\u00edrtak kiz\u00e1r\u00f3lag inform\u00e1ci\u00f3s tartalomnak tekinthet\u0151k, \u00e9s NEM \u00e9rtelmezhet\u0151ek aj\u00e1nlatt\u00e9telnek. A v\u00e9lem\u00e9nynyilv\u00e1n\u00edt\u00e1s semmilyen form\u00e1ban NEM tekinthet\u0151 biztos\u00edt\u00e9knak p\u00e9nz\u00fcgyi instrumentumok elad\u00e1s\u00e1ra vagy v\u00e1s\u00e1rl\u00e1s\u00e1ra. A meghozott d\u00f6nt\u00e9seitek\u00e9rt KIZ\u00c1R\u00d3LAG TI vagytok a felel\u0151sek, ennek kock\u00e1zat\u00e1t senki m\u00e1s, \u00edgy \u00e9rtelemszer\u0171en \u00e9n sem, v\u00e1llalom magamra.\n  <\/p>\n<\/div>\n\n\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@graph\": [\n\n    {\n      \"@id\": \"https:\/\/iocharts.io\/blog\/mi-az-a-stablecoin\/#article\",\n      \"about\": {\n        \"@type\": \"Thing\",\n        \"name\": \"Stablecoin\",\n        \"alternateName\": [\"stabilcoin\", \"kripto doll\u00e1r\", \"r\u00f6gz\u00edtett \u00e1rfolyam\u00fa token\"],\n        \"description\": \"Olyan kriptovaluta, amelynek \u00e1rfolyam\u00e1t egy hagyom\u00e1nyos eszk\u00f6zh\u00f6z, leggyakrabban az amerikai doll\u00e1rhoz r\u00f6gz\u00edtik, \u00edgy mentes a Bitcoinra vagy az Ethereumra jellemz\u0151 extr\u00e9m volatilit\u00e1st\u00f3l. 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Ezt nevezz\u00fck de-pegnek. Ha a kibocs\u00e1t\u00f3 bankja cs\u0151dbe megy (mint ahogy az USDC eset\u00e9ben a Silicon Valley Bank kr\u00edzisekor r\u00f6vid id\u0151re megt\u00f6rt\u00e9nt), vagy a k\u00f3d meghib\u00e1sodik egy decentraliz\u00e1lt tokenn\u00e9l, az \u00e1rfolyam 1 doll\u00e1r al\u00e1 eshet. A j\u00f3l struktur\u00e1lt stablecoinok azonban eddig mindig visszanyert\u00e9k az \u00e9rt\u00e9k\u00fcket.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Mi a k\u00fcl\u00f6nbs\u00e9g a Tether (USDT) \u00e9s a Circle (USDC) k\u00f6z\u00f6tt?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Mindkett\u0151 centraliz\u00e1lt, fiat-fedezet\u0171 stablecoin, de a transzparenci\u00e1ban \u00e9s a szab\u00e1lyoz\u00e1sban t\u00e9rnek el. Az USDC-t egy amerikai sz\u00e9khely\u0171 c\u00e9g (Circle) bocs\u00e1tja ki, szigor\u00fa amerikai p\u00e9nz\u00fcgyi szab\u00e1lyoz\u00e1sok \u00e9s rendszeres k\u00f6nyvvizsg\u00e1latok mellett. A Tether (USDT) a leglikvidebb \u00e9s legnagyobb token, de offshore strukt\u00far\u00e1ban m\u0171k\u00f6dik, \u00e9s t\u00f6rt\u00e9nelmileg kev\u00e9sb\u00e9 volt \u00e1tl\u00e1that\u00f3 a fedezeti h\u00e1ttere.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Milyen hozamot lehet el\u00e9rni stablecoinokkal a DeFi-ben?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"A piaci ciklust\u00f3l f\u00fcgg. Bikapiacon (amikor sokan vesznek fel hitelt t\u0151ke\u00e1tt\u00e9teles keresked\u00e9shez) a stablecoinok hitelez\u00e9si kamata ak\u00e1r \u00e9vi 10-20% is lehet. Nyugodtabb, konszolid\u00e1ltabb piacokon ez \u00e1ltal\u00e1ban 5-8% k\u00f6z\u00f6tt mozog, ami m\u00e9g mindig jelent\u0151sen fel\u00fclteljes\u00edti a hagyom\u00e1nyos banki doll\u00e1rkamatokat.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Hogyan tudom a hagyom\u00e1nyos p\u00e9nzemet (fiat) stablecoinra v\u00e1ltani?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"A legegyszer\u0171bb m\u00f3dja egy szab\u00e1lyozott, centraliz\u00e1lt t\u0151zsde (mint a Kraken, a Coinbase vagy a Binance) haszn\u00e1lata. Itt hagyom\u00e1nyos bankk\u00e1rty\u00e1s fizet\u00e9ssel vagy SEPA banki utal\u00e1ssal felt\u00f6lt\u00f6d az eur\u00f3dat vagy a doll\u00e1radat, majd egy kattint\u00e1ssal USDC-re vagy USDT-re v\u00e1ltod, amit azt\u00e1n kiutalhatsz a saj\u00e1t DeFi t\u00e1rc\u00e1dba (pl. MetaMask).\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Biztons\u00e1gos a decentraliz\u00e1lt stablecoinokat (pl. DAI\/USDS) haszn\u00e1lni?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"A MakerDAO rendszere a DeFi egyik legr\u00e9gebbi, legteszteltebb \u00e9s legellen\u00e1ll\u00f3bb okosszerz\u0151d\u00e9s-h\u00e1l\u00f3zata. Mivel nincs egy k\u00f6zponti banksz\u00e1mla, amit egy hat\u00f3s\u00e1g befagyaszthatna, sok befektet\u0151 szerint a decentraliz\u00e1lt stablecoinok jelentik a val\u00f3di, cenz\u00fara-rezisztens kripto doll\u00e1rt. Ugyanakkor ezekn\u00e9l mindig jelen van a k\u00f3dol\u00e1si (okosszerz\u0151d\u00e9s) hib\u00e1k kock\u00e1zata.\"\n          }\n        }\n      ]\n    }\n\n  ]\n}\n<\/script>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>A Bitcoin \u00e9s az Ethereum technol\u00f3giai szempontb\u00f3l \u00f3ri\u00e1si innov\u00e1ci\u00f3k, de mint p\u00e9nz\u00fcgyi eszk\u00f6z\u00f6k egy hatalmas probl\u00e9m\u00e1val k\u00fczdenek: az extr\u00e9m \u00e1rfolyam-ingadoz\u00e1ssal (volatilit\u00e1ssal). Ha egy eszk\u00f6zzel kereskedsz, vagy egy okosszerz\u0151d\u00e9sben hitelt veszel fel, nem haszn\u00e1lhatsz egy olyan valut\u00e1t elsz\u00e1mol\u00e1si egys\u00e9gk\u00e9nt, amelynek az \u00e9rt\u00e9ke naponta 10-20%-ot mozoghat. A hagyom\u00e1nyos p\u00e9nz\u00fcgyi vil\u00e1g (TradFi) \u00e9s a blokkl\u00e1nc technol\u00f3gia k\u00f6z\u00f6tt h\u00eddra [&hellip;]<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/iocharts.io\/blog\/mi-az-a-stablecoin\/\" class=\"btn btn-primary btn-lg\">Tov\u00e1bb<\/a><\/div>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":1,"featured_media":11351,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[285,240],"tags":[246,244,245,129,74,385,386,387],"class_list":["post-9042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","category-a-crypto-alapjai","tag-bitcoin","tag-blokklanc","tag-ethereum","tag-iocharts","tag-portfolioblogger","tag-stablecoin","tag-usdc","tag-usdt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mi az a stablecoin? T\u00edpusok, m\u0171k\u00f6d\u00e9s \u00e9s kock\u00e1zatok<\/title>\n<meta name=\"description\" content=\"Mi az a stablecoin, hogyan tartja az \u00e1rfolyam\u00e1t, \u00e9s milyen t\u00edpusai vannak? USDT, USDC, DAI m\u0171k\u00f6d\u00e9se \u00e9s kock\u00e1zatai a DeFi-ben.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iocharts.io\/blog\/mi-az-a-stablecoin\/\" \/>\n<meta property=\"og:locale\" content=\"hu_HU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mi az a stablecoin? T\u00edpusok, m\u0171k\u00f6d\u00e9s \u00e9s kock\u00e1zatok\" \/>\n<meta property=\"og:description\" content=\"Mi az a stablecoin, hogyan tartja az \u00e1rfolyam\u00e1t, \u00e9s milyen t\u00edpusai vannak? USDT, USDC, DAI m\u0171k\u00f6d\u00e9se \u00e9s kock\u00e1zatai a DeFi-ben.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/iocharts.io\/blog\/mi-az-a-stablecoin\/\" \/>\n<meta property=\"og:site_name\" content=\"iO Charts\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/iOCharts\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-04T12:46:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-24T18:28:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/iocharts.io\/blog\/wp-content\/uploads\/2026\/05\/stablecoin_cover-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1110\" \/>\n\t<meta property=\"og:image:height\" content=\"619\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Balint Kuhar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@iOCharts\" \/>\n<meta name=\"twitter:site\" content=\"@iOCharts\" \/>\n<meta name=\"twitter:label1\" content=\"Szerz\u0151:\" \/>\n\t<meta name=\"twitter:data1\" content=\"Balint Kuhar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Becs\u00fclt olvas\u00e1si id\u0151\" \/>\n\t<meta name=\"twitter:data2\" content=\"14 perc\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/iocharts.io\\\/blog\\\/mi-az-a-stablecoin\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/iocharts.io\\\/blog\\\/mi-az-a-stablecoin\\\/\"},\"author\":{\"name\":\"Balint Kuhar\",\"@id\":\"https:\\\/\\\/iocharts.io\\\/blog\\\/#\\\/schema\\\/person\\\/b30144a6de20f0cea229ae870c63d900\"},\"headline\":\"Mi az a stablecoin? 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