What do you know about stable coin?
- Thread starter Enxx
- Start date
Please do well to list out some of the stablecoins so we know. I only know of USDT. List more of them.
Stablecoin is a type of cryptocurrency that has a stable value, (not volatile), because it is guaranteed/pegged with fiat money and gold. examples of Stablecoins pegged to USD fiat money are Tether or USDT, Binance USD (BUSD), USD Coin (Coinbas), RupiahToken (IDRT). Meanwhile Stablecoins are guaranteed by gold such as PAX Gold (PAXG), Tether Gold (XAUT). Stablecoins will be more suitable if used as a medium of exchange and money transfers between countries, with low fees, and fast.
Thanks you explained really well brother. I would like to invest in stable coins.
Stablecoin are very good cryptocurrency that are adopted in order to keep your cryptocurrency asset away from fluctuation.
If you're seeking to put away cryptocurrency away from fluctuations, bitcoin is the best option.
It is very correct because you can put your cryptocurrency away from volatility through the stablecoin.
The stablecoin instill stability in cryptocurrency assets.
You can decide to keep your cryptocurrency asset away from fluctuations by keeping it in stablecoin.
A stablecoin is nothing more than a currency linked to the value of the dollar or another fiat currency since it is supposedly backed 1-1 with the asset in question, although sometimes they do not behave as stable as they claim to be, we just have to look back and look at the depeg they have had.
