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Showing posts from December, 2020

What are use cases of stable coins?

What is stable coin? Stable coin is a crypto asset, similar to Bitcoin or Ether. The main characteristics is that each stable coin is 'connected' to an asset the exists in non-crypto world, like a currency. The most basic example could be a stable coin called Tether, which is pegged to US Dollar (USD). Tether use symbol USDT in crypto world. As crypto is pegged to the real asset, it means you can exchange it back and forth with 1:1 ratio. E.g. 1 USDT is worth 1 USD. What are most popular stable coins? Below you can find a selection of most popular stable coins. USD pegged coins are by far most popular ones.  USD pegged coins are by far most popular/used one. This is due to the crypto market being strong in the USA, and USD being considered most stable fiat currency.  What are main use cases of stable coins? Due to the fact that you can exchange stable coins for fiat money, the most important use cases is as a simple way to pay for things or services, avoiding volatility of non-