Cryptocurrencies. You know the gist, right? Buy low, sell high, get rich, or hodl because numbers go up. Right? Some cryptocurrencies are known for their price volatility, but some coins, known as “stablecoins,” are actually designed to maintain a consistent value over time.
Where’s the fun in that? What’s the point? Where’s the profit? Read on to find out what a stablecoin is and why you might want to use one.
What Are Stablecoins?
This may surprise you, but cryptocurrencies were conceived to be used as currencies. Right now, people speculate on their notoriously volatile prices more than they use these digital assets to buy and sell goods and services, but it’s not supposed to be that way.
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