What is a Crypto stablecoin Asset?

Stablecoins are Crypto assets whose value is set as the price of other physical assets with fairly stable prices such as fiat currencies (dollars, euros, or rupiah) and commodity prices such as gold. The purpose of the creation of these stablecoins is largely to protect prices against the high volatility of the crypto currency market. Stablecoins are also global currencies with low volatility. So users can use this Crypto asset for payments. Another advantage is that the stablecoins provide high-speed transactions at prices that are more pocket-friendly and suitable for everyday use.

Updated on: 30/09/2022