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Should we invest in stable coins??
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[QUOTE="Jasmine, post: 233206, member: 49159"] If you check coin market cap, you will see there are 5 stable coins in the top 25 cryptocurrencies by market cap. While USDT and USDC coins might be the most popylar stable coins, there are a lot of stable coins, for instance Binance, the biggest crypto currency exchange platform, has its own stable coin called BUSD. Most of the stable coins are created by private companies, but there are also some completely decentralized stable coins, DAI, for example, Stable coins were basically launched to minimize the risk associated with the price fluctuation in the crypto market. For example, you spent $47,000 to buy BTC, but then the market starts going down and the value of your BTC becomes $46,000. You lost one thousand dollars. To minimize the risk, you convert $46,000 to a stable coin of your choice, USDT for example, Since stable coins are designed to remain stable, your coin value will remain the same even when BTC continues to go down. When you see BTC doing too deep, you use your $46000 stable coins to buy BTC. When you bought first time you had just one BTC for $47000, but this time you can buy more than 1 BTC with your funds. [/QUOTE]
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Should we invest in stable coins??
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