#QuestionOfTheDay #CryptoForBeginners #BinanceSquare

> What are stablecoins and why are they needed?

Stablecoins are a special type of cryptocurrency whose value is tied to stable assets, such as the US dollar or gold.

Why they are needed:

— Protection against market volatility

— Convenient transactions in the crypto world

— Fast transfers without banks

The most popular stablecoins:

— USDT (Tether)

— USDC (USD Coin)

— DAI (decentralized stablecoin)

Do you use stablecoins? Share in the comments!

(And remember: always check the reliability of a project before using it.)