It’s quite obvious why stable coins are becoming a popular choice. Stablecoin isn’t like other cryptocurrencies. Usual cryptocurrencies have fixed or limited supply with schedules to release new coins. On the other hand, this coin works rather differently. Instead of having a limited supply, they regulate the supply based on the market situation. So, they have a distributing architecture for the cryptocurrency economy, and they stabilize the market.
While you may think how it grows in demand as investors won’t be able to profit much with their stable prices, yes, that’s true, but these open up another kind of opportunity for startups and rainy-day investors.
If you want to have a backup for rainy days or in terms of need, then what can be the best way other than to buy stable coin? Stablecoins will always give you back the same amount you invested initially, and you won’t have to worry about the prices dropping.
Another significant fact is that, as we are moving forward to a digital world, all currencies will eventually be digitalized. In that case, having a stable coin as the main payment source would work similarly as we use fiat money.
And this is why stable coins are the latest popular buzz in the market.
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