A stable coin is a cryptocurrency that is pegged to another stable asset, such as the U.S. dollar, precious metals and other cryptocurrency. It is a global currency, but not tied to any central bank and has low volatility. The size of stablecoin market currently is close to $3 billion, which is 2.7% of the total market value of all crypto assets.
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Stablecoins are a similar concept like cryptocurrencies, but their default value will not oscillate drastically up and down like other digital currencies present in Blockchain Technology. “Stable coin” is a term used in Cryptocurrency to describe cryptocurrencies meant to hold stable values. Their Value stays calmer like (USD, EUR, CNY or JPY) unlike other coins like Bitcoins, Ethereum, etc.
Stable coins are important for exchange users, exchange operators, and for the Cryptocurrency market as a whole.
Store only small amounts of currency for everyday use online, on your computer or mobile, keeping the vast majority of your funds in a high-security environment.
Assets with liquidity forge a path for secure and accelerated fundraising. In a scenario when the price increases, more stablecoins are minted to control the stability.
Being immune to volatility, stablecoins enjoy mainstream adoption and widespread acceptance by crypto exchanges. They can be easily traded at various exchanges worldwide.
Stable coins dapp aim to bridge the gap between cryptocurrencies’ benefits and the stable nature offered by fiat currencies. It is a crypto token with a value pegged to the price of a national currency to combat its volatility.
Stablecoins are designed to bring the much-required stability and maintain a fixed value proportional to an underlying asset. We have a dedicated team of stablecoin experts who can provide services including creation, trading, and marketing of stablecoins.