A Brief Respite from Crypto Fluctuations
What Is a Stablecoin?
A stable coin is a class of cryptocurrency that attempts to offer price stability and are backed by a reserve asset. Stable coins attempt to offer the best of both world’s—the instant processing and security or privacy of payments of cryptocurrencies, and the volatility-free stable valuations of fiat currencies. Benefit of this includes being able to take advantage of blockchain technology and peer-to-peer value transfer while at the same time limiting volatility.