Why are stable coins popular in the cryptocurrency world?

Joined
Jan 29th 2020
Location
Singapore
From the very beginning, the cryptocurrency market sways from volatility to scandals. But, with the inception of stable coins, cryptocurrency is redefined. Stable coins are not widely volatile like other digital currencies, designed to maintain a steady price. They are backed by fiat currencies, cryptocurrencies or precious metals. Stable coins have become a major source of liquidity in the cryptomarket. More and more investors are looking for stablecoin development companies. To cater to their needs, the Blockchain App Factory provides an end-to-end solution for stable coin development. Make your move now and position yourself as a strong player in this industry.

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Joined
May 21st 2019
Location
Canada
Stable Coins enable traders to keep value stable against a fiat currency, usually the dollar, while they're in-between trades. Finally Stable Coins may help in reducing the risk of high price movements. They can be used in the cryptocurrency market as a hedge against bitcoin and other top cryptocurrencies
 
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