In the world of finance investors put their money in more conservative investment such as that of gold. Gold will usually retain its value as the financial markets worsen.
In the world of digital currencies the solution is called stablecoin. Stablecoins are price-stable cryptocurrencies, meaning the market price of a stablecoin is pegged to another stable asset, like the US dollar. The cryptocurrency’s volatility fuel speculation, so businesses and consumers don’t want to be exposed to unnecessary currency risk when transacting in cryptocurrencies. The idea of a price-stable cryptocurrency has been in the air for a long time. For this reason, building a “stablecoin” has long been considered the Holy Grail of the cryptocurrency ecosystem.
Just try to search for stablecoins on the web and you will find that this is what many people are looking for.
If you are already an owner and user of other cryptocurrencies you know that it is difficult to buy everything because the price change almost every second. This also create some problem to marketplace that want to adopt cryptocurrencies, who need automatic algorithm that change the price of their products based on the actual exchange rate.
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