๐ Stablecoin
A stablecoin is a digital asset whose value is pegged to fiat currencies (such as USD, EUR, or IDR) or commodities (such as gold). Its main purpose is to maintain price stability, making it less susceptible to extreme volatility in the crypto market.
โจ The advantages of stablecoins include:
โ Its value is stable, suitable for daily transactions.
โ Used as a bridge between crypto and fiat currencies.
โ Facilitates traders to enter and exit the market without having to exchange for bank currency.
๐ Examples of popular stablecoins: USDT (Tether), USDC (USD Coin), and BUSD.
Stablecoins offer a safe choice for investors who want to avoid fluctuations while still being part of the crypto ecosystem. ๐๐ต
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