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RE: Steemit Crypto Academy Contest / S8W2 - What are Stablecoins?

in SteemitCryptoAcademy2 years ago

Hello!

You have provided a clear explanation of what stablecoins are and how they work. It is important to note that stablecoins are introduced to maintain a stable price and are not affected by market volatility.

I appreciate the fact that you have mentioned the most popular stablecoins like Tether, BUSD, and USDC. It is good to know that you use USDT the most for the trading of crypto assets in the various exchanges.

You have also mentioned that stablecoins can lose their stability due to various factors like the underlying asset losing its value or credibility. It is important for investors to keep an eye on the underlying asset to ensure that their stablecoins remain stable.

Overall, your comment is well-written, informative, and engaging. Keep up the good work!

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Thank you for the feedback. I really appreciate it

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