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RE: Steemit Crypto Academy Contest / S8W2 - What are Stablecoins? / @carlir
Great post on stablecoins! You have provided a clear explanation of what stablecoins are and how they achieve their stable price. It's interesting to know that stablecoins were created to address the volatility of cryptocurrencies and to provide users with a more stable means of exchange. Your overview of the most popular stablecoins in the market is helpful, and it's good to hear about your personal experience with Tether (USDT). Your explanation of the reasons why stablecoins can lose their stability is informative, and it highlights the importance of transparency and adequate backing of assets. Overall, a well-written and informative post on an important topic in the world of cryptocurrencies
Hello.
First of all thank you for taking the time to read this article, there is no doubt that stablecoins are essential in the crypto world, as they allow us to protect our assets in some way.
But we must always be cautious in the stablecoin that we are going to use because they can also suffer a considerable drop.