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All About stablecoins: How they work and why they matter
Stablecoins are a category of cryptocurrencies designed to have a stable value, typically pegged to a reserve asset, such as a traditional fiat currency like the US Dollar. The primary purpose of stablecoins is to mitigate the price volatility that is common in cryptocurrencies like Bitcoin and Ethereum.Key characteristics of stablecoins include:1. Price Stability: Stablecoins aim to maintain a consistent value, often close to $1 per coin, to make them suitable for everyday transactions and as a
Stablecoins
Stablecoins are a category of cryptocurrencies designed to have a stable value, typically pegged to a reserve asset, such as a traditional fiat currency like the US Dollar. The primary purpose of stablecoins is to mitigate the price volatility that is common in cryptocurrencies like Bitcoin and Ethereum.Key characteristics of stablecoins include:1. Price Stability: Stablecoins aim to maintain a consistent value, often close to $1 per coin, to make them suitable for everyday transactions and as a
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