What are the Benefits of Stablecoins?

[Suba]

Stablecoin is a type of cryptocurrency whose value is pegged to fiat money (USD) or gold, so that its value is almost as stable as the instrument used as collateral. Some examples of Stablecoins that are pegged to fiat money such as: Tether, or USDT, Binance USD (BUSD), Rupiah Token (IDR), USD Coin (USDC), Pax Dollar (USDP) etc. While examples for Stablecoins that are guaranteed by gold are PAX Gold (PAXG), Tether Gold (XAUT) etc.

 

[Magnus2022]

In true sense of it, there is nothing like stablecoin. In situation of economic downturn, you will realized that all these coins is simply a speculation and don't have the equivalent in fold or USD as the case may be.

 

[uptrendfinancialsignal]

The stablecoins are pegged against the dollar and as such, it does not fluctuate like the other cryptocurrencies.

 

[gammarays]

Stable coins are pegged to the dollar so will always have a fixed price. With crypto having a volatile nature, there needs to be a standard asset that'll be paired against others.

 

[Reedex]

The stablecoin has huge benefit because it could be used as an avenue to keep your assets away from fluctuation.

 

[flower]

I must confess that there is a huge benefits in the use of the stablecoin because it is a very good form of investing in cryptocurrency.

 

[Yohanna]

The stablecoin remain a very wonderful assets to have.

 

[Reedex]

The stablecoin remain a very wonderful assets to have.

It is true that the stablecoin is good asset and I always keep my money in stablecoin.