What are Stablecoin Tokens?

in tokens •  2 years ago  (edited)

Stablecoins are an attempt to create a cryptocurrency token with a stable price, which is typically accomplished by tying the token to an asset such as gold or fiat. The market is more confident in their price because it is backed by more traditional investments. As a result, stablecoins are frequently the preferred option for both institutional and retail cryptocurrency users.
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2 years ago by

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