Today we’ll discuss Stablecoins – a type of cryptocurrency you’ve heard us mention before and that is an essential part of the cryptocurrency world. So what is the difference between Stablecoins vs altcoins? Let’s find out!
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Certain cryptocurrencies are by design pegged to a specific value and hence, they are known as stablecoins, meaning they are more stable compared to the immense volatility we often see in cryptocurrency.
Stablecoins in 2022 are especially attractive to investors who would like to trade in a local currency but at the same time would like to avoid the hassle of converting between crypto and fiat. And one of the first entries in our list of Stablecoins is USDC – a coin that is pegged to the dollar and backed by physical reserves.
Stay tuned to see Stablecoins explained in detail. And if you have a deeper Stablecoins interest, drop us a line in the comments to let us know if we should make another video on the topic!
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Disclaimer:
Although BeInCrypto aims to inform and educate readers from all over the world, it is important to remember that investing in cryptocurrency is risky. Neither this video nor its authors should be held responsible for any investment decisions, and nothing published here should be considered financial advice. We always urge our readers/viewers to do their own research and never invest more than they can afford to lose.
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