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RE: Steemit Crypto Academy / week 6 /for yohan2on /- Stable coins

Hi @perozo23

Thanks for attending the 6th -Crypto course and for your effort in doing the given homework task.

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This is good work. Well done with your research. Well explained in a simple and clear way.

It can be exchanged with a variety of digital currencies, thus reducing trading costs.

That's true, a trader does not need to go along way by cashing out his funds during the bad times in the Crypto market then re-deposit it again in the banks so that he buys crypto coins again to take advantage of the speculated bull run. That would mean plenty of costs but with Tether stable coin, it eases the easy transfer of crypto funds at very minimal trading costs.

Homework task
7

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