What Is a Stablecoin?

What Is a Stablecoin?

A stablecoin is a cryptocurrency that is backed by another stable asset such as fiat currency (USD, EUR, JPY etc), gold and commodities. This is done to reduce the volatility of the coin by backing it with something that has a stable value. What are the benefits of stablecoins? Stablecoins were created in order to […]

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