Riccardo
Sun Aug 11 2024
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6 answers
1208
What is stable coin in crypto?
Can you explain to me in simple terms what a stablecoin is in the world of cryptocurrency? I understand that it's meant to be a type of digital asset that maintains a stable value, but I'm curious about the mechanics behind it and how it differs from other cryptocurrencies that can be highly volatile. How does a stablecoin achieve stability, and what are some of the benefits and risks associated with using one?
