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Stablecoins – the future of crypto coins?

Discussion in 'General Discussion' started by VanessaJane, Jun 4, 2020.

  1. VanessaJane

    VanessaJane Contributor

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    The focus of cryptocurrencies has always been to create a less volatile more liquid and decentralized digital asset. The Stablecoin can be considered to be the Holy Grail that the crypto advocates were looking at.

    The Stablecoin can be expected to facilitate transactions without friction, not only between two parties transacting using cryptocurrencies but also between parties that might need to shuttle between crypto and Fiat.

    Additionally, Stablecoins can give the escape hatch for erratic economies like Zimbabwe under Mugabe’s rule. They can choose to move their money to a different economy or an asset without losing out on the value.

    Cryptocurrencies haven’t found there fullest reach or recognition yet and Stablecoins can only be expected to make them better understood and more reliable. Read further to know more
     
  2. KoinPro

    KoinPro Beginner

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    Stable coins are safe heaven during the market crash to hedge against the fiat value of the cryptos and again as you mentioned several weak economies can invest in the stable coins on the stronger coins say such as USD where the local currency is not reliable and also it protects the merchants from the volatility which also helps in the crypto adoption
     

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