How are you? By Allah's grace, I'm doing very well. The topic I will be sharing today is Stable Coins. Stablecoins are very important coins in the crypto market. If you want to know about stable coins, first of all you need to know about crypto market, then why is stable coin important in crypto market? And the main purpose and scope of stable coin application, we need to understand about all these things. Crypto market is highly situational market, crypto market includes management of different types of crypto coins or crypto currencies, we all know about it.

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The main feature of cryptocurrencies is high volatility in price and daily changes in price, the value of coins in the crypto market is never fixed. The price fluctuates between all types of crypto coins, making it difficult for everyone and new crypto users in general. It is very normal to face high volatility in the crypto market, it is important for all of us to be aware of this. Stablecoins involve fixed value or community value, which helps to keep memory or continuity within the crypto market. Coins provide stability and price certainty within the stable crypto market.

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Stable coin prices keep the crypto market stable, thereby increasing the number of crypto users in the crypto market. Like Bitcoin, Ether, BNB, Dot etc. but all these are not stable coins as they show volatility. Along with the use of stablecoins, the reason behind the importance of stablecoins is that by using them, all users benefit from the crypto market. Stablecoins are immensely important, especially when it comes to purchasing products. Because of this there is no opportunity for the price of a product to go up or down, as a result of which a person can easily buy and sell the product without any risk of loss or damage. Suppose a person buys a bike with $3,000 worth of bitcoins, and after a few days the price of bitcoins falls, the person has to face a lot of losses. As a result, users feel comfortable buying products with stablecoins.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.