What are Stablecoins?
A stablecoin is defined as a cryptocurrency class offering price stability and is backed by a real-world asset. A stable coin doesn’t fluctuate similar to the other cryptos like bitcoin or ether. Pegged to other assets like the US dollar or Gold they offer fixed value compared to normal cryptocurrencies. With a stable valuation like Fiat currency, they offer mobility and utility like cryptocurrency.
Most of the stablecoins are pegged at a ratio of 1:1 with fiat currencies like Euro or US dollars that can be traded on exchanges.
Recent Knowledge Base
- CBDC- A New Revolution into the FinTech!
- White Paper- The Crux of Blockchain Projects!
- NFT Marketplace Aggregators- The Epicenter of NFT Marketplaces!
- Insightful Takeaways to Keep Your Tabs on DAO
- Crypto Coin Vs Crypto Token: What is the Difference?
- A 2022 Smart Contract Audit Guide to Boost Your Code’s Security!
- How Do I Register My Token on CoinMarketCap
- Liquidity Pools- The Building Blocks of Decentralized Exchange Development
- What is Crypto Exchange?
- Terminologies You Should be Aware of Under Consensus Algorithm
Latest news, articles, and updates montly delivered to your inbox.
Integrate your ideas with our Technology Expertise to drive your project into success