UnStablecoins: Nobody can guarantee 100% stability of their assets. But there are some alternative investments that can keep you going through a crypto winter, says Dyma Budorin, CEO at Hacken.
In May 2022, the number of Google searches containing the word “stablecoin” jumped by 4 times. Such a sudden spike in the popularity of this term is impressive since the first part of this word, namely, “stable”, hints that this coin is not subject to fluctuations. So, what is the reason behind the tremendous hype around stablecoins? Let’s try to analyze.
As you know, among the myriad of cryptocurrencies there are tokens named “stablecoin.” Their key feature is fixed value. Investors can use them as an alternative for fiat or a link between various cryptocurrencies. According to CoinGecko, there are >80 stablecoins. The most popular ones are Tether, USD Coin, Binance USD, DAI, Magic Internet Money, Frax, etc.
UnStablecoins or stablecoins?
All these stablecoins have different mechanisms...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...