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Stablecoins

Stablecoin is a type of cryptocurrency that always holds a stable price. These type of cryptocurrencies are created to take on the unstable crypto market scenario and ensure a stable ground for all. Thus, Stable Coin cryptocurrency is crucial for crypto investors, cryptocurrency exchanges and the overall crypto market.

As an example, take DAI stablecoin for instance. DAI is backed up by fiat money, and you can trade DAI for $1 only.

Dealing or circulating with fiat money isn’t always an easy task in the cryptocurrency world. Mainly because of the so-called restrictions and regulations on fiat money. This is why many cryptocurrency exchanges don’t deal with dollars. Thus, it becomes quite difficult for investors who want to invest in cryptocurrencies with hard cash. The stable coin can be a solid substitute for dollars, and it will help you out to invest in other cryptocurrencies.

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