All YOU NEED TO KNOW ABOUT STABLECOIN BY EMODI ONYEBUCHI.

#knowledge🎓 Let's talk about the #Stablecoins.

This is a cryptocurrency, the price of which, as a rule, is tied to the value of a stable asset-for example, gold or the US dollar. This is a global currency, but it is not connected with any central bank and has low volatility, maintained by some valuable asset, which maintains a stable price and low volatility.

For any currency, the stability of the exchange rate is very important. It is thanks to the stability of the buyer and seller during the trade do not lose money due to a sudden price change. As for the cryptosphere, volatility hinders the massive introduction of applications based on cryptocurrency protocols.

What are the #Stablecoins?

The most popular of them are those that are provided with a fiat currency, such as #Tether (#USDT) and #TrueUSD (#TUSD).

#USDT is a replacement for the Tether USD currency on the basis of the stable value currency (USD) that the company #Tether released, but the developers. 1 #USDT = 1 US dollar, and users can use #USDT and USD for 1: 1 exchange at any time. The #Tether company strictly adheres to the 1: 1 reserve guarantee, that is, has issued 1 #USDT, its bank account will have a guarantee of 1 US dollar. Users can use SWIFT to transfer the US dollar to a bank account provided by #Tether, or exchange #USDT through the exchange. Users can also trade USDT for #BTC on the exchange. Some people doubt that #Tether tokens are really provided in full.

#USDT is widely used on a variety of exchanges and many traders use it in their work.

#TrueUSD is a relative new stable dollar coin that you can exchange, the project is similar to #Tether, but developers present their product as more verified and transparent. At the moment, 100% is provided by US dollars on legally protected escrow accounts with several bank partners so that you can trade, send and receive payments with peace of mind.

#TrueUSD has recently been gradually introduced to all popular exchanges.