#stablecoinlaw 💸 What is a stablecoin in simple terms?
In the crypto world, prices fluctuate up and down, but there are coins that maintain stability — these are stablecoins.
✅ A stablecoin is a cryptocurrency whose price is tied to something stable. Usually — to the US dollar (1 USDT ≈ 1 USD).
📌 Why do we need stablecoins?
To not fear the volatility of cryptocurrencies.
To quickly transfer money without banks.
To conveniently trade on exchanges.
⚙️ What types of stablecoins are there:
🔵 Fiat-backed — supported by real money (USDT, USDC).
🟢 Crypto-backed — backed by cryptocurrency (DAI).
🟡 Algorithmic — prices are maintained by algorithms (but there are more risks here).
💡 Stablecoins are your "digital dollar" in the blockchain. They do not grow, but maintain stability and provide convenience.
📚 Read, develop, and do not stand still! Financial literacy is your key to confidence in the future.
