stablecoins

What are stablecoins?
A stablecoin is a cryptocurrency whose value is pegged to a stable asset, such as the US dollar. This means that the price of a stablecoin remains relatively stable and is not subject to sharp fluctuations like other cryptocurrencies. How do stablecoins work? To maintain the stability of the exchange rate, stablecoin developers use various payment mechanisms. For example, they may hold reserves in the form of traditional currencies or assets such as gold to allow stablecoins to be exchanged
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