Stablecoin ?!!?
What is Stablecoin ?
Can anyone explain it for me ?
Can anyone explain it for me ?
Stablecoin ?!!?
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.
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.
Originally Posted by Avistryst
so stablecoin is going to be the next USDT ?
Stablecoin is a cryptocurrency whose course is directly tied to the price of a certain asset, for example, the US dollar, gold, oil, etc. The meaning of stablecoin is, so to speak, to adapt crypt technologies to real life, that is, to create a stable digital currency that can be used as a universal exchange tool and unit of account for determining / comparing prices for goods and services. Still, investment is investment, but when it comes to commodity-money relations, certainty is very important.
It's a coin that doesn't fluctuate (too much) in value. USDT was the first one I believe but there are now more than a dose, some of them not even requiring fiat backing.
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