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What are stable coins?
Blockchain content writer| I simplify how the Technology works, and I help brands to become visible to their target audience.  Jan 26, 2023
What are stable coins?

Stable coins are a type of cryptocurrency that is pegged to the value of a specific asset, such as the US dollar. They are referred to as stable because their value is stable, unlike cryptocurrencies like Bitcoin or Ethereum, which are highly volatile. Tether (USDT), USDC, and DAI are stablecoins.

Why are Stable coins relevant?

With stable coins, you do not have to worry so much about volatility. This is because it is stable and hardly changes in value. Most times, it increases in value rather than decreases.

Also, you can use it directly to perform transactions. This implies that you can make transactions without having to convert your money into fiat currency first.

When is the best time to buy a stablecoin?
When you think you want to.

Where can you buy a stable coin?
You can buy a stable coin on centralized and decentralized exchanges.

How do you store a stablecoin?
You can store your stable coin in your crypto wallet which could be hardware or an app on your phone.

So, are you ready to buy your first stable coin?

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