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🤔What it is meant by stable coins?
Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. Differing from normal cryptocurrencies, Stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including mainly the U.S. $dollar.
🤔Is USDT a stablecoin?
$USDT is a stablecoin, a type of cryptocurrency that is pegged to a fiat currency, namely the U.S. dollar. Investors in $USDT seek to invest in cryptocurrency while avoiding the extreme volatility of untethered cryptocurrencies.
🤔What are the top 4 stablecoins?
1. Tether USD $USDT
2. USDC $USDC
3. Dai $DAI
4. First Digital USD $FDUSD
🤔Is $BTC a stable coin?
No, $Bitcoin is not considered a stablecoin. $Bitcoin's price is determined by supply and demand dynamics in the open market, and it is not pegged to any external asset or currency.
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