'The A to Z of Stablecoins' by RSKsmart rsk cryptocurrency
The inception of Bitcoin in 2009 has resulted in a revolution in the trading and payments industries. People have started to accept cryptocurrencies as a form of payment and it’s being exchanged in large volumes. These can be used for global transactions, buying new assets, and at your nearby retail stores.
To better understand stablecoins, it is important to first learn about price volatility in cryptocurrency. That’s where stablecoins are the go-to. Stablecoins are the only form of tokens where you don’t have to worry about the instability and volatility of cryptocurrency prices. Stablecoins have an important role due to the following factors:Stablecoins have the potential to help people living in countries suffering from high inflation rates, which ultimately reduces their purchasing power. This is usually a result of economic and political uncertainty.
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