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Stablecoins

Stablecoins

Stablecoins by Market Capitalization

What is a stablecoin? Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Fiat currency digital asset is the most popular use case for stablecoins. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Benefit of this includes being able to take advantage of blockchain technology and peer-to-peer value transfer while not being exposed to high volatility such as bitcoin, ethereum, or other cryptocurrencies. Stablecoins are relatively new kind of technology and each of them comes with different implementations, liquidity, risks, and acceptance.

Why is it profitable for investors to buy stablecoins? Stablecoins are one of main instruments of profit fixing. Having made a successful meeting, traders can does not withdraw funds to fiat, which takes quite a long time, and besides, it is possible not on all platforms, but the transfer of assets to stablecoins in anticipation of a better period cryptomarket.

many representatives of the crypto community were outraged that no one considers BTC as

means of payment, but see it only as a way to store capital and investment tool. Naturally, who will spend bitcoins to buy, say, a car, if in a year, its price will rise, and for the same amount it will be possible to buy a small car fleet. To avoid all this, stablecoins were invented.

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