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What are stable coins?

Updated

Stable coins are digital representations of fiat currency that live on blockchains.

For instance 1 USDT (Tether) is pegged to $1 USD which means it does not get affected by the steep volatility the crypto markets experience during bull and bear cycles. This makes it easier to move your money out of other cryptocurrencies and ride out a pullback in prices – helping to mitigate your losses dramatically.

 

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