Jump to content

What is a stablecoin?


Recommended Posts

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.

 

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Demo account: Please note that conditions on demo accounts may differ from real accounts. Some brokers may only provide overnight loans on real accounts and not on demo accounts.
    • Swap Rate: Check the swap rates for your open positions. Overnight loans are calculated based on the difference between the interest rates of a currency pair, and if the difference is small or negative, you will not receive a loan.
    • Civic (CVC) emerges as a game-changer in the realm of identity verification, offering a secure and decentralized solution for payment verification between "Identity Verifiers" and "Identity Requesters" within the Civic ecosystem. With its innovative approach and recent developments, Civic is making waves in the cryptocurrency market Payment Verification: Civic's primary use case lies in facilitating payment verification between parties within the Civic ecosystem. By leveraging blockchain technology, Civic provides a secure and transparent method for verifying identities and ensuring trust in transactions.  Integration with Solana Token Extensions: Civic's recent announcement on X revealed that Civic Pass is now integrated with Solana Token Extensions, further enhancing its utility and interoperability within the blockchain ecosystem. This integration opens up new possibilities for Civic's application and adoption.  Civic (CVC) is now listed on Bitget  and other CEX providing users with convenient access to trade and engage with the token. This listing further enhances Civic's visibility and liquidity, attracting new users and investors to the ecosystem. 
×
×
  • Create New...
us