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What are Stablecoins and Should YOU Buy? [Video]

What are Stablecoins and Should YOU Buy?

In this tutorial, we will explain what are Stablecoins, how they work, their importance, situations they are used in, and how to invest in them.

Chapters
00:00 Introduction
01:11 What are Stablecoins?
02:14 Hype around Stablecoins
03:38 How Stablecoins Work?
05:39 When to Invest in Stablecoins?
06:32 How to Buy Stablecoins?
07:03 Should I buy Stablecoins?
07:52 Era of Stablecoins is Near

What are Stablecoins?
Stablecoins are a kind of cryptocurrencies that are pegged to or backed by a stable reserve asset like the US dollar or gold.

What are the benefits/importance of Stablecoins?
– Provide reasonable security/resistance against market fluctuations
– Provides Cheaper and Faster ways of transactions.
– Accessible globally and 24/7 on the internet.

How do Stablecoins work?
– Stablecoins focus on minimizing fluctuations/ volatility and achieving a consistent value. For this generally, three methods are applied:
– Fiat Collateralized Stablecoins.
– Crypto collateralized Stablecoins.
– Non-collateralized Stablecoins.

#stablecoins #wallstreetmojo #stablecoinsbuy

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