What is Stable coin ?

in stable-coins •  last year 

"Stable coin" is a term used in cryptocurrency which describes cryptocurrencies that hold stable values.

Or, in other words a "Stable Coin" is cryptocurrency that is pegged to another stable assets like- Gold, US Dollar or any other currencies.

Actually, its a currency that is global but it's not centralised or tied to any central bank.

Benefits of stable coin:-

• Low Voltality
• Price stability
• Scalibility
• Privacy
• Decentralised

Some coins which are stable coins in crypto market:-

1. TETHER (USDT)
tether-768x512.jpg
Its a blockchain based asset meant to trade for $1 USD.

Example:- If you have 100 Tether or USDT then its value is equals to $100 US Dollar.

2. MakerDao
Maker-768x444.jpg
Maker is a decentralised autonomous organisation that is pegged against the US Dollar, but is completely backed by ETH. Their stable coin name is "dai" which is equals to $1 USD.

Some other stable coins are:- Havven's, Basecoin and many more.

Information Source:-
1. Forbes:-
https://www.google.co.in/amp/s/www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/amp/

2. Bitbns Twitter:-
https://twitter.com/bitbns/status/1006524673184501761?s=19
DQm_QJH5x_FS1p85d_P7_G3_H8_Jw_Gn6f_G2vp24_D5_DG7_Eiq77iq_Ho.gif

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Wazirx has implemented peer to peer transaction by using USDT.

Yupp !! Great move by wazirX exchange.

Posted using Partiko Android

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
ETHEthereum433.856$-2.66%-9.07%
HAVHavven0.258$14.29%-16.94%
MKRMaker557.260$0.41%1.06%
USDTTether1.002$-0.36%-0.49%

It will not happen pump and dump

@neeravkr04 stable coin looking good