How are you? By Allah's grace, I'm doing very well. Today, the topic I want to discuss is Stablecoin.

Source
Stablecoin is a type of cryptocurrency that is designed to remain stable. Essentially stablecoins are transactional. such as the Euro or the US Dollar. Stablecoins were originally created to capture the volatility of cryptocurrencies (eg Bitcoin, Ethereum). The importance of Stablecoin is the stability of Stablecoin.

Source

These sequantum-related circle cryptocurrencies are generally constrained in parallel with related fiat currencies. Every day we hear talk about the uncertainty or volatility of the crypto market. In fact, the crypto market is always in volatility because the value of each cryptocurrency is different from each other. And for this, stablecoins are created to facilitate transactions in the crypto market.

Source

For example, if we buy a phone with 10 thousand dollars worth of Ether. And after a while the market price of Ether dropped, so we had to take a big loss. But if we had bought the phone with 10 thousand dollars worth of Stablecoin, we wouldn't have had to take such a big loss. For this, the importance of stablecoins is immense. And through this stablecoin it is possible to transact daily necessities in most places. Because stablecoins don't go up and down like that. As a result, the price of a thing is always the same.We don't have to do so much analysis about Stablecoin. If anyone wants to work with Stablecoin, then he only needs to know about the coin, so he doesn't need to know so much detail. Even if he takes a little knowledge, he can work with Stablecoin. Because the price does not go up and down. As a result, the risk is also less.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.