# Crypto has changed my life.USD or USDC

**Published by:** [MountainDolphin](https://paragraph.com/@mountaindolphin/)
**Published on:** 2022-05-11
**URL:** https://paragraph.com/@mountaindolphin/crypto-has-changed-my-life-usd-or-usdc

## Content

No, not a millionaire…yet.To stablecoin or not to stablecoin that is the question? What is a stabelcoin? How do they work? What are the risks of using stablecoins? What are the benefits, if any? These are the questions we will explore today. Firstly, a stablecoin is a cryptocurrency coin that is pegged to the value of another asset. Typically this other asset is a fiat currency such as the U.S. dollar, the British pound, or the Australian dollar. In the case of the PAXG coin, the pegged asset is gold specifically one ounce. When a stablecoin is pegged to another asset this means that the intended trade ratio… But in terms of understanding asset classes, investing, and how money works its really changed the way I think about the future and money. Hear me out… Maybe 1% of the people that surround me (friends/family) understand and support the notion of crypto and blockchain. The rest.. well they laugh it off. It’s still as foreign of a concept as it comes, and I’m sure I’m not alone in this. This is astonishing considering the market cap has blown past $1T… with no signs of slowing down. This leads me to believe that people TRULY DON’T HAVE A CLUE what is going on!

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