Stability amid the volatility of crypto: Stablecoins Explained
2 years ago
2
In the crypto economy, where transactions occur on a decentralized blockchain, digitized fiat cash—which is not a decentralized asset—may not be recognizable within the network. You need a cryptocurrency to facilitate transactions, but one that has the price stability of cash.
In short, you need a crypto coin with “stable” monetary value. Hence the need for stablecoins.
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