RE: Stablecoins Explained

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Stablecoins Explained

in cryptocurrency •  7 years ago  (edited)

OK. I was listening to an analysis earlier today and I asked myself a question "who really needs this stable coins?"

Lol. Somehow, I was able to answer myself

Would list a few though

The crypto market is very volatile and there is a high correlation between the price of all major cryptocurrencies.
Even though today this market is mainly filled with traders who profit from this process. there is also a large number of users who could actually profit from value stability and if you take a closer look,

Anyone who wants to save some money as they would do in USD, for example, but away from the traditional banking system and away from the negative characteristics of their nation's economy.

Secondly, Investors who want to “play it safe” for a period of time while a new investment opportunity comes up or during an unfavorable volatility crisis that would occur in the market.

Some Exchanges who want to transfer or store money within the crypto space to escape the costs associated to fiat currencies.

An ICO or those who sponsor an ICO who actually needs to keep a stable value for the money they raised.

So for me, its a good buy.

And thanks too for your explanation my friend

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