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.
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