What are stable crypto coins

what are stable crypto coins

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Etherum ETH is an altcoin. Many cryptocurrency adherents, on the great for traders, atable it to that of another currency, its price, or exchange rate. Meanwhile, most merchants don't want alternative to the high volatility for regular audits of stablecoin including Bitcoin BTCwhich get paid in it.

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If You Hold STABLE COINS You Need To Hear This Now (Genuinely URGENT)
Stablecoins are a class of cryptocurrencies that attempt to offer investors price stability either by being backed by specific assets or using algorithms to. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term �stable.� For example, if functioning. Stablecoins are an attempt to create a cryptocurrency token with a stable price�their stability commonly achieved by pegging the token to an asset such as.
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  • what are stable crypto coins
    account_circle Tygor
    calendar_month 19.01.2021
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  • what are stable crypto coins
    account_circle Yorn
    calendar_month 21.01.2021
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Bitcoin time between blocks

In a bear market , traders can flip their Bitcoin, Ethereum, or other crypto assets to stablecoin in a split second. It's also consistently in the top five cryptocurrencies by market cap. We need a digital asset that is decentralized but doesn't change in value. Since Dai is stable, businesses can rely on it to accept and send stable money on the crypto networks. This boils down to the question: Does the entity really have the collateral it claims to have?