Stable Coins

Stablecoins are cryptocurrencies whose value is pegged to a reserve asset like the U.S dollar or gold

What makes Stable Coins Valuable?

  1. Stablecoins are less volatile. Coins like USDC can be traded on a one-to-one ratio through exchange platforms

  2. Stablecoins are a bridge between the worlds providing "traditional-asset stability" with "digital-asset flexibility"

  3. Stablecoins are open and accessible, cheap and secure to transmit, and programmable

  4. There are many easy ways to earn interests on stablecoins

Other facts about Stable Coins

  1. Most Stablecoins are ERC-20 tokens running on the Ethereum blockchain.

  2. Stablecoins like USDC are backed by actual dollars stored at financial institutions; monthly audits ensure a 1:1 relationship.

  3. Not all stablecoins are fully backed by a fiat currency; some are backed by other cryptocurrencies.

Heading to the exchange for some Stable Coins?