Stablecoins, Is it risky? What are the risk?
SmartHawk
May 10
Stablecoins solve one of the key problems with many mainstream cryptocurrencies, namely, that their drastic fluctuations make it tough, if not impossible, to use them for real transactions. “Digital currencies like Bitcoin and Ethereum are tremendously volatile, which makes pricing things in their terms very difficult,” says Anthony Citrano, founder of Acquicent, a marketplace for NFTs. Stablecoins avoid this issue by locking their prices to a known reserve currency.” In addition, their stabi...
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