What is a Stable Coin and its benefits?
According to Investopedia Stablecoins are cryptocurrencies where the price is designed to be pegged to a reference asset. The reference asset may be fiat money, exchange-traded commodities (such as precious metals or industrial metals), or a cryptocurrency. Unlike traditional cryptocurrency, a stablecoin’s value is established by a stable asset. In most cases, people refer to stablecoins as having a…
