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The world is seeing a rapid change in how money is stored and exchanged. We are moving away from fiat currencies to cryptocurrencies, but the volatility of these digital tokens has led many to look for an alternative.
Stablecoins are one solution that could help stabilize the cryptocurrency market by removing some of its most volatile elements. A stablecoin can be thought of as a hybrid between traditional currency and cryptocurrency.
They are like fiat currencies because they track or are backed by real-world assets like gold or U.S. dollars. Still, they behave more like cryptocurrencies using blockchain while allowing you to avoid going in and out of fiat currency and act as collateral for other crypto transactions.
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