What are Stablecoins?

Stablecoins

Stablecoins are an attempt to create a cryptocurrency that isn’t volatile. A stablecoin’s value is pegged to a real-world currency, also known as fiat currency. For example, the Stablecoin is known as Tether, or USDT is worth 1 US dollar and is expected to maintain this peg no matter what.

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That’s Stablecoins in a nutshell. If you want a deeper explanation keep on watching the video, here’s what I’ll cover:

0:37 – Cryptocurrency volatility
1:40 – Stablecoins in a nutshell
2:22 – Main usage of stablecoins
3:20 – Stablecoin peg types
6:47 – Stablecoin business models
7:17 – Popular Stablecoins in use today
8:24 – Stablecoin criticism
10:12 – Conclusion

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Disclaimer:
• I am not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, trade, or invest in any asset based on what I say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice, and I am in no way liable for any losses incurred.

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