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What is a stablecoin?

BoxTechy

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BoxTechy

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What is a stablecoin?

Where does it come from?

I believe that everyone is not very familiar with it. 

In fact, stablecoin is an industry term that refers to digital bearer assets issued on the blockchain, and its goal is to maintain a relatively stable price as much as possible for a long time.

The benchmark for its “stability” is to maintain a certain value stability in terms of currency, for example, if USDT is the benchmark, then 1 USDT is always equal to 1 US dollar, and its value can remain stable with the value of US dollar.

However, the value of each coin is different, so there will be some differences. Most of the stable coins currently choose to be pegged to the US dollar.

The better known stablecoins at the moment are the five stablecoins from Tether.

 

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