Why stablecoins

xuanling11
Coinmonks

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Photo by Niklas Ohlrogge on Unsplash

A stablecoin is a type of cryptocurrency that is designed to maintain a stable value, typically by being pegged to a stable asset such as gold or a fiat currency like the US dollar. This makes stablecoins a more stable and reliable form of digital currency, as their value is not subject to the same level of volatility as other cryptocurrencies like Bitcoin or Ethereum. Stablecoins are often used as a means of storing value or making transactions, and are…

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