๐Ÿ“š Letโ€™s learn: What is a Stablecoin?

๐Ÿ’ต A stablecoin is a type of cryptocurrency pegged to a stable asset โ€” usually the US dollar (1:1).

๐Ÿ”’ Its purpose? Minimize volatility in the crypto world.

๐Ÿ’ก Types of stablecoins:

โœ… Fiat-backed (like $USDT, $USDC)

โœ… Crypto-backed (like $DAI)

โœ… Algorithmic (like $FRAX)

๐Ÿ’ผ Traders use stablecoins to:

๐Ÿ›ก๏ธ Park profits

๐Ÿ”„ Move funds quickly

๐ŸŒ Transact globally โ€” with low fees!

๐Ÿšจ Governments are now drafting Stablecoin Laws due to their growing importance.

Is your portfolio using stablecoins wisely?

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