Although the cryptocurrency market is developing rapidly, it is still subject to large changes in value. According to Coinmarketrate.com A stablecoin uses a mechanism that links its value to the value of existing assets, such as gold or, say, the US dollar. Such a mechanism reduces the volatility of other cryptocurrencies, which makes stablecoin ultimately … Read more
According to Coinmarketrate.com stablecoins are varieties of cryptocurrencies that are backed by other assets, for example, US dollars, which allows them to be converted into national currencies at a guaranteed rate. But there are other stablecoins, algorithmic ones. Algorithmic stable coins react to market events with the help of automatic stabilization measures. This increases their … Read more
The appearance of stablecoins on the cryptocurrency space marks a new milestone in the development of the crypto industry, since at a very volatile market, this asset gives what users want so much – stability. These are stable currencies that are listed at Coinmarketrate.com , are becoming increasingly important and are likely to continue to … Read more
The significantly growing popularity of stablecoins in recent years is due to the fact that this asset is an effective tool for solving the most important problem (as some believe) of the cryptocurrency market. Which one? If you are following the crypto space, perhaps you should think about the details of the stability mechanism. The … Read more
At the dawn of cryptocurrencies, it was extremely difficult to make transactions between different types of crypto assets or between fiat currencies (for example, US dollars, euros, Japanese yen) and cryptocurrencies. Legitimate and trustworthy cryptocurrency exchange companies were in short supply, and decentralized exchanges supported by decentralized finance (DeFi) had not yet been created. Both … Read more
Bitcoin has become a major intervention in the global economy, redefining the traditional concepts underlying the operations of many financial institutions. He drew the world’s attention to a concept called “cryptocurrency”. Two Crypto Assets – Two Concepts The initial hype around that Bitcoin`s taking over the world’s economies has subsided over time due to fluctuations … Read more
Have you ever heard of a Tether, USD Coin, DAI, AMPL, or other asset that claims to have a target price? Most likely yes, but if not, this article will help you understand how tokens that offer the ability to accept cryptocurrency work without worrying about market volatility. Stablecoin as an attempt to curb volatility … Read more