💡 What is a Stablecoin? 💰
A stablecoin is a cryptocurrency designed to maintain its stable value. Unlike Bitcoin or Ethereum, which can vary greatly in price, stablecoins are pegged to assets such as the dollar, gold or even other cryptos!
🔹 Types of stablecoins:
✔️ Backed by fiat currencies: Ex.: USDT (Tether) and $USDC .
✔️ Guaranteed by cryptos: Ex.: DAI.
✔️ Based on algorithms: They adjust their supply automatically.
🔗 What are they for?
Protection against volatility.
Fast and cheap payments.
Use in DeFi (decentralized finance).
Safe trading in the crypto market.
⚠️ Attention: Always do your research! Some stablecoins may face risks of centralization or lack of transparency.
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