STABLE COIN ON CRYPTO

Stablecoins are a type of cryptocurrency that are designed to maintain a stable value relative to another asset, such as the U.S. dollar.

There are two main types of stablecoins: those that are backed by assets, such as fiat currency or commodities, and those that are algorithmically stabilized.

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[{"selector":"#anim-907fd8ae-a165-41af-afd6-2a3d115866d0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-32.74910490725541%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Asset-backed stablecoins are backed by reserves of the underlying asset, held in a custodial account, and are redeemable for the underlying asset at a fixed rate. Arrow

[{"selector":"#anim-bdd9fc3f-c1ab-41d6-b30d-1165ce5bfbef [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Algorithmically stabilized stablecoins, on the other hand, adjust their supply based on changes in demand, using smart-contract algorithms to maintain their value. Arrow

Stablecoins can facilitate transactions in cryptocurrency without the volatility associated with other cryptocurrencies, such as Bitcoin.

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[{"selector":"#anim-84976c4b-fecb-476e-b27f-d927f5403af8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Stablecoins can be used as a store of value, medium of exchange, or unit of account, just like traditional currencies. Arrow

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