💵 The Role of Stablecoins in Your Investment Portfolio
Stablecoins like USDT and USDC are designed to be price-stable 💵, serving as an important tool in the volatile market.
You can use them for:
* Preserving profits after selling
* Transferring funds between platforms
* Earning passive income
Although they do not appreciate in price, they provide the necessary security and liquidity.
USDT
Tether was launched in 2014, and it is a platform enabled by blockchain technology, designed to facilitate the digital use of fiat currencies. Tether is making a significant shift in the traditional financial system through a more modern approach to financial transactions. Tether has made notable progress by allowing customers to transact with traditional currencies over the blockchain, without the volatility and complexities inherent in cryptocurrencies.
USDC
The stablecoin was originally launched on a limited scale in September 2018. Simply put, the motto of USDC is "Digital Money for the Digital Age" - it is designed for a world where cashless transactions are becoming increasingly common.
Several use cases for USDC have been revealed. In addition to providing a safe haven for cryptocurrency traders during times of volatility, proponents of the stablecoin say it can also allow businesses to accept payments in digital assets, bringing changes across a range of sectors including decentralized finance and gaming.
