Originally Posted by Allura
Straight off my boy google: A ‘stablecoin’ is a cryptocurrency that’s price is pegged to a real-world asset like gold or the dollar.
I thought stablecoin was a cryptocurrency because it you said stablecoin and not stable SPACE coin. Apparently stablecoin is actually a a crypto term. An example of a stable coin would be Tether (its probably the most popular one. Its pegged to USD). Cryptocurrencies are volatile (the prices drastically go up and drastically go down). A lot of people don't want the risk of the price of a coin going down. Thus if a coin is pegged to something in the real world which is stable. It means the price of the coin is also stable.
Personally, I think coins which are pegged to precious metals will be the new global currency after the dollar crisis.
I thought stablecoin was a cryptocurrency because it you said stablecoin and not stable SPACE coin. Apparently stablecoin is actually a a crypto term. An example of a stable coin would be Tether (its probably the most popular one. Its pegged to USD). Cryptocurrencies are volatile (the prices drastically go up and drastically go down). A lot of people don't want the risk of the price of a coin going down. Thus if a coin is pegged to something in the real world which is stable. It means the price of the coin is also stable.
Personally, I think coins which are pegged to precious metals will be the new global currency after the dollar crisis.