Stablecoins | What Is Stablecoins | Are Stablecoins The Future? ✨

Stablecoins | What Is Stablecoins | Are Stablecoins The Future? ✨

Stablecoins Can Help Crypto Investors Avoid Volatility In The Markets, But They Have Plenty Of Other Real-world Use Cases Too. Stablecoins Serve As A Much-needed Antidote To Price Volatility In The Cryptocurrency Markets.

Let's Look At How They Work, Shall We? Most Of These Digital Currencies Are Collateralized By An Underlying Asset To Deliver Price Stability.For Example, One Of The Most Common Types Of Stablecoins Are Those Pegged To Fiat Currencies.

A Stablecoin Such As Tether (Otherwise Known As Usdt) Is Backed On A 1:1 Basis With The U.s. Dollar. For Every Single Unit Of Usdt That's In Circulation, $1 Is Supposed To Be Set Aside And Held In Reserve By Financial Service Providers. Alternatives Include Trueusd (Tusd) And Usd Coin (Usdc.)

The Number Of Stablecoins Out There Has Exploded In Recent Years — As Well As The Quantity. It's Also Possible To Find Crypto Assets That Are Pegged To Other Fiat Currencies Such As The Euro, And Even Other Cryptoassets!

It Seems That The Possibilities Are Endless With This New Technology. Some Stable Coin Projects Have Tied Their Digital Assets To Precious Metals, Or To Other Cryptocurrencies. Projects Such As Facebook's Libra Intend To Allow Stablecoins To Be Used As A Medium Of Exchange — Backed By A Basket Of Different National Currencies.

Stablecoins Are Exceedingly Easy To Buy, And Are Listed On Most Cryptocurrency Exchanges, Including Binance And Coinbase.

What Are The Main Use Cases For Stablecoins?

Trading Volumes For Stablecoins Are Increasing — And There's A Lot Of Real-world Use Cases For Token Holders To Get Excited About. For Example, At Present, Many Financial Institutions Often Charge Astronomical Transaction Fees When Cross-border Transfers Are Being Made Or One Fiat Currency Is Being Converted For Another — And Settlements Can Take Days. Popular Stable Coins Allow Transfers To Happen Instantaneously On The Blockchain, And Far More Cheaply. Picking The Right Type Of Stablecoins Can Also Serve As A Much-needed Safe Haven Against Short-term Price Volatility In The Bitcoin Market.

Keep watching to Learn More about Stablecoins

💡 TOPICS IN THIS VIDEO 💡 Stablecoins, Tether (USDT),USD Coin (USDC)Dai (DAI),Binance USD (BUSD)

🔎 HASHTAGS 🔎 #Stablecoins #Tether #USDT #USDC #DAI

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

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⏰Timestamps⏰ 00:00 Intro 00:12 What is stablecoin 02:00 Outro ... https://www.youtube.com/watch?v=OPC802BdhLA