🔴Stablecoins & the Future of Money
🔻Since the arrival of Bitcoin in 2009, there have been many speculations about the future of cryptocurrency and how promising digital assets are. Blockchain is a distinctive development in global markets that endeavors to rearrange the global financial ecosystems.
But cryptocurrency is diagnosed with some disadvantages like lack of reliability and due to price fluctuations, high volatility, global uncertainty and pressure from legislative governmental bodies, digital currencies have not so far been adopted globally. Experts and financial connoisseurs also have not accepted blockchain, due to its crucial and critical drawbacks.The volatility of stablecoins is lower because the price is dependent on the rate of the real asset. stablecoins synthesize irreversible, immutable transactions with constant and stable value tied to a traditional currency.
#blockchain
#stablecoins
#cryptocurrency
#financial_ecosystem
🔻Since the arrival of Bitcoin in 2009, there have been many speculations about the future of cryptocurrency and how promising digital assets are. Blockchain is a distinctive development in global markets that endeavors to rearrange the global financial ecosystems.
But cryptocurrency is diagnosed with some disadvantages like lack of reliability and due to price fluctuations, high volatility, global uncertainty and pressure from legislative governmental bodies, digital currencies have not so far been adopted globally. Experts and financial connoisseurs also have not accepted blockchain, due to its crucial and critical drawbacks.The volatility of stablecoins is lower because the price is dependent on the rate of the real asset. stablecoins synthesize irreversible, immutable transactions with constant and stable value tied to a traditional currency.
#blockchain
#stablecoins
#cryptocurrency
#financial_ecosystem
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🔴 What is a Stablecoin? A Stablecoin is a cryptocurrency but with a unique advantage. Unlike Cryptocurrencies, Stablecoins have a fixed price and value, such as Tether which has an equal value to 1$ or Counos U which is 100$.
#Stablecoins #Tether #CounosU
#Stablecoins #Tether #CounosU