🧠 Crypto Knowledge Byte of the Day

A Stablecoin is a type of cryptocurrency that’s designed to maintain a stable value — usually pegged to a fiat currency like the US Dollar.

📌 In simple words:

> 1 Stablecoin ≈ $1 (most of the time)

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💵 Why Stablecoins Matter:

Reduce volatility

Useful for trading, saving, and transferring money

Act as a safe place during market crashes

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🔗 Common Stablecoins:

USDT (Tether)

USDC (USD Coin)

DAI (Decentralized, crypto-backed)

BUSD (Binance USD)

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🧠 Types of Backing:

1. Fiat-backed: Real money in a bank (e.g. USDT, USDC)

2. Crypto-backed: Backed by other crypto (e.g. DAI)

3. Algorithmic: Controlled by code (more risky)

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❓Do you hold any stablecoins in your portfolio?

Why or why not? Share your view below! 👇

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