blessingc
Active member
Stable coins are coins that are pegged to a fiat currency e.g. US dollars or the British pounds or to assets such as gold or other crypto currencies such as Ethereum or Bitcoin.
The price of these coins do not fluctuate like other coins. I think it is safer to invest in stable coins because they are less exposed to jeopardy, unlike other coins whose market price keeps changing.
The price of Bitcoin falls when major whales withdraw their funds from the market, while stable coins do not need much holders to survive.
stable coins can operate without a middleman e.g bank or brokers even if their prices climb above 1dollar it is still stable though falls a little but not drastically e.g USDT Bep2.
It is better to buy stable coins when it's price are still very low because when the price goes high it becomes difficult to buy
The price of these coins do not fluctuate like other coins. I think it is safer to invest in stable coins because they are less exposed to jeopardy, unlike other coins whose market price keeps changing.
The price of Bitcoin falls when major whales withdraw their funds from the market, while stable coins do not need much holders to survive.
stable coins can operate without a middleman e.g bank or brokers even if their prices climb above 1dollar it is still stable though falls a little but not drastically e.g USDT Bep2.
It is better to buy stable coins when it's price are still very low because when the price goes high it becomes difficult to buy