RE: Stablecoins Explained

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Stablecoins Explained

in cryptocurrency •  7 years ago 

Yeah. Thanks for this explanation my friend.

Did my own little research too and somehow, I've come to realize that The price of most cryptocurrencies is determined by supply and demand in the marketplace.

It fluctuates quite often and sometimes very drastically.

But then, A stablecoin on the other hand, is a cryptocurrency that has a relatively stable price.

Like one of the commentaries i saw, “A stablecoin will relatively have the same buying power tomorrow than it has today”

And I'm hoping that the buying power "increases" rather than remaining stable. Lol

Thanks for this beautiful explanation @investing

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