What are stablecoins? 🤔
Stablecoins are cryptocurrencies designed to maintain a stable value, usually pegged to traditional currencies like the US dollar. For example, 1 USDT or 1 USDC is meant to always equal 1 dollar.
They combine the speed and flexibility of crypto transactions with the stability of fiat money. Stablecoins are widely used for trading, payments, and moving money across borders. But their stability depends on the reserves or mechanisms backing them.
Learn the basics of stablecoins in just 30 seconds! 🚀
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⚠️ This video is for educational purposes only. It is not financial advice. Always do your own research (DYOR).
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