What do you know about stable coin?

[IB D]

Stable coins is a kind of cryptocurrency that is pegged with something that has a real world value. It is to some extent immune from market volatility

 

[Stardom22]

I think stable coins is a great alternative for the crypto-currency. However it's found on the Binace exchange. Stable coins are a little bit reliable and it's price is stable as the name suggests.

 

[Suba]

I don't invest in stable coin, don't also normally use them as a payment form, I sometimes use them as a trading pair. I mainly use USDT and BUSD

That should be, you don't need to invest in stablecoins because you won't make a profit from capital gains, I mostly use stable coins for trading pairs or transfers between countries, as a substitute for fiat money.

 

[Stardom22]

Stable coins are therefore not suitable for investments. However they are rather nice for exchange with the other currency and fiat money. Stable coins are mostly on the Binace exchange

 

[Yohanna]

The stablecoins has become a very great asseyt for crypto users.

 

[flower]

The stablecoins has become a very great asseyt for crypto users.

The stablecoin is a very necessary crypto to hold by crypto users.

 

[Stardom22]

Stablecoins are deemed to be more useful than the volatile crypto-currency. It is however pegged as a fiat currency like the USD, among Others.
I oftenly see it on some exchanges like the binace

 

[Yohanna]

Stablecoins are deemed to be more useful than the volatile crypto-currency. It is however pegged as a fiat currency like the USD, among Others.
I oftenly see it on some exchanges like the binace

It is true that it is very useful because you can carry out exchange services on cryptocurrency peer-to-peer exchange platforms.

 

[Stardom22]

Stable coins are the alternative version of the Crypto coins that may be used in the place of the Crypto in the form of fiat currency. USDT is a good example for the stable coins.

 

[Yohanna]

Stable coins are the alternative version of the Crypto coins that may be used in the place of the Crypto in the form of fiat currency. USDT is a good example for the stable coins.

If you do not want your crypto asset to fluctuate along with the market fluctuation, you would need to keep them in stablecoin.

 

[Blessed19]

Stable coin are also cryptocurrency but the are coins that he the same value with US dollar. There are many of them but the popular ones are usdt, usdc and busd

As you have mentioned already, stablecoins are coins that have been pegged with the US dollar meaning it does not hit the bulk run in the market but rather have the same value as the US dollar such as the usdt, usdc, busd etc.

 

[cherry123]

As the name implies they are stable and have been pegged with the US dollar. it is almost having the same value as the US dollar which I believe isn't bad

 

[Bisolami]

As you have mentioned already, stablecoins are coins that have been pegged with the US dollar meaning it does not hit the bulk run in the market but rather have the same value as the US dollar such as the usdt, usdc, busd etc.

Anyone who has them should just have it in mind that he or she does not have an investment. Their price does not add or decrease so you cannot make profit while investing in them

 

[cherry123]

Yes I think that the difference with stable coins. Their price does not add or decrease so making profit while investing in them might be less unless other crypto currency with price fluctuations

 

[Bisolami]

Yes I think that the difference with stable coins. Their price does not add or decrease so making profit while investing in them might be less unless other crypto currency with price fluctuations

But one of the things that is good about it is that when cryptocurrency drops, you will not face any loss because you only have stable currencies and you can use it to buy the dip

 

[eldavis]

From the little i know about crypto or stable coins, stable coins are coins that have a stable price value, the price does not change like other crypto currency .

 

[Bisolami]

From the little i know about crypto or stable coins, stable coins are coins that have a stable price value, the price does not change like other crypto currency .

The price does not change and they are very useful if you know that you want to keep a fixed price in your wallet instead of the one that will be fluctuating.

 

[IB D]

A stable coin is a kind of crypto that is pegged against a fiat currency in the ratio of 1:1. The fiat currency is reserved to back up the stable coin and prevent it from suffering volatility. My most preferred stable coin is USDT.

 

[Bisolami]

A stable coin is a kind of crypto that is pegged against a fiat currency in the ratio of 1:1. The fiat currency is reserved to back up the stable coin and prevent it from suffering volatility. My most preferred stable coin is USDT.

I mostly buy USDT. people say that USDC is good too but I don't buy it. I just use USDT anytime I am trading because I trade stable coins for cryptocurrency. Thats what I do