What Is A StableCoin?

What Is A StableCoin? in cryptocurrency

A stable coin is a type of cryptocurrency that is backed by reserve assets like the US dollar or gold that aims to provide price stability.

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It combine both the rapid processing and security of cryptocurrency payments as well as the volatility free and stable prices of paid currencies

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Types of Stable Coins 1. Fiat collateralized stable coins. 2. crypto collateralized stablecoins 3. Non-collateralized or algorithmic

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In StableCoin Flactuation in price can be predicted while in Cryptocurrency it is Impossible to predict

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StableCoin is Centralized while Cryptocurrency is Decentralized .

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StableCoin Value stays at $1 while in Cryptocurrency It can vary depending on it market capitalization

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They are global and available to everyone on the internet 24 *7.

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They transport data quickly cheaply and very securely –

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They are programmable and digitally native to the internet

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Best stablecoins according to the market capitalization Tether DAI USD coin Terra USD True USD Pax dollar Binance USD

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