๐ Letโs learn: What is a Stablecoin?
๐ต A stablecoin is a type of cryptocurrency pegged to a stable asset โ usually the US dollar (1:1).
๐ Its purpose? Minimize volatility in the crypto world.
๐ก Types of stablecoins:
โ Fiat-backed (like $USDT, $USDC)
โ Crypto-backed (like $DAI)
โ Algorithmic (like $FRAX)
๐ผ Traders use stablecoins to:
๐ก๏ธ Park profits
๐ Move funds quickly
๐ Transact globally โ with low fees!
๐จ Governments are now drafting Stablecoin Laws due to their growing importance.
Is your portfolio using stablecoins wisely?
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