Disclaimer: Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This article is for informational purposes only, and is not financial advice. The information does not constitute investment advice or an offer to invest.
What is a Stablecoin?
Stablecoins are the latest buzz in crypto, having experienced increased mass-interest during the bear market. Stablecoins are connected to another stable asset, like gold or the U.S. dollar- supposedly providing relief from the volatility which has become typical of most cryptocurrencies. With the majority of tokens and coins, it is normal to experience fluctuations as high as 10 and 20% per day, contributing to increasing institutional interest in stablecoins.