Asslam-0-Alikum |
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Stable Coins In Crypto |
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Thier price has been peg with crypto market and they are very beneficial in crypto market for medium of exchange.Basically these coins provide a bridge between fiat currency and cryptocurrency.
They are world wide acceptable due to thier stability in price in crypto market.These coins are more effective for connection between fiat money and cryptocurrency.
How Do They Work? |
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Due to highly back reserve they perform work and they perform specific work like they provide a way to do transaction between fiat money and cryptocurrency.
Stable coins also perform smart contracts algorithm in crypto market and maintain the supply and price of other crypto assets.Whey they goes down they perform more work and stable them.
Advantages Of Stable Coins |
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First advantage of stable coins is that they provide the stability to different currencies and connect them with cryptocurrency.
Stable coins are used for doing transaction in cryptocurrency and they are very cheap in fee and that's major advantage.
Another major advantage of stable coins is that the stable coins holders can get loan in blockchain.
Stable coins are very fast and did transaction very quick in all over the world and that's why they are very beneficial.
They are world wide acceptable and thier are no chances of risk while buying or selling them.
Conclusion |
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https://twitter.com/MrAzmatWrites/status/1714941872911647026?t=Bbc3dLOAYk6vkiAo7MaDJg&s=19
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Upvoted! Thank you for supporting witness @jswit.
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There is a real need for stable coins in the crypto market for market liquidity. and in fact, people's money is in stable form before being transferred into crypto.
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Dear @azmat545 ,
We appreciate your active participation and contributions to our community. To ensure a positive environment for all members, we have implemented a set of guidelines to maintain respectful and constructive discussions while upholding community guidelines.
This is an interesting post that you have shared on stablecoin, you have explained it advantages but didn't talk about it's dis-advantages.
Keep sharing quality post in the community
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Thank You.
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