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What is a Stable Coin and its benefits?

stable coin

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…

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