How are you my dear friends? Hope you all are well. Alhamdulillah I am fine by the grace of God. Friends, as I said earlier that after Halbing we can see a little more ups and downs in the market. Because we have gone through such a boring period after the halving before and also there are some other reasons behind the rise and fall in the price of Bitcoin. Currently we see Bitcoin around $60k where we saw it at $65,500 a few days ago. Currently, since the price of Bitcoin is going down, many other alt coins are also flowing down, including Solana, Ethereum, Manta, Steem, Matic, ICP and many more coins. But among all these coins there are some coins which are still within a fixed price and their value has not changed. USDT, USDC, BISD are among the ones whose price has not yet been affected as they are always in a stable position and hence these coins are called stablecoins. According to a statistic by coinmarketcap, there are more than 150 stablecoins in the market.

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Generally referring to the definition of stablecoin, we can say that, in general, its price does not fluctuate or fluctuate during bearish movement or bullish movement of the market, and always stays at a fixed price. Stablecoins typically have a 1:1 ratio to the US dollar (USD). A stable state of stablecoins is increasing their popularity in the cryptomarket day by day. Currently the most popular stablecoin Tether (USDT) has a marketcap of $110.82 b. The main reason behind the increasing popularity of stablecoins is that it does not fluctuate in value like other cryptocurrencies but always has a fixed value. Which means that when there is a volatility among all cryptocurrencies in the market, many investors take the help of stablecoins to position their portfolios in a good position and start using those stablecoins again when the time is right.

Also all of us who are crypto lovers want to see the proper use of cryptocurrencies and get rid of the hassles we often face with transactions. Also almost all of us are aware of the benefits of cryptocurrencies, which makes these stablecoins very important when we start offering cryptocurrencies as payment. This is because both the buyer and the seller will almost always face a profit or loss due to the price volatility of other coins. In this case stablecoins are playing an important rules in it. Also, in most cases stablecoins contribute significantly to investment. Because investors look for a stablecoin to convert their fiat currency into cryptocurrency to make their original investment. As a result, stablecoins are the main focus of their attention. And when investors want to withdraw their investments, they still need this stable coin so that the value of the received assets does not fluctuate.

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The presence of stablecoins in cryptocurrencies is very important and necessary. And so you should always buy the right stablecoins. Because it has been shown many times that developers often fail to stabilize the value of their coins and as a result users lose their millions. And in this case it is best to use your USDT.

So friends, that's it for today. Let me know in your comments how you like today's topic. I am ending here wishing everyone good health. All be well and stay healthy.