Crypto banking and decentralized finance, explained | Daily Current Affairs 2022
onwin giriş
betvakti elexusbet gorabet maksibet maltcasino milosbet quennbet setrabet atlantisbahis artoscasino dumanbet elitbahis fashionbet favoribahis hiltonbet liderbahis oslobet romabet vegabet yorkbet kalebet bet10bet bahislion bahislion bahislion betpark dakikbet dumanbet fenomenbet holiganbet kalebet kolaybet lordbahis olabahis piabet pusulabet süper10bet supertotobet mariobet bahis siteleri güvenilir bahis siteleri kaçak bahis siteleri ligobet polobet verabet
bahis bahis atlasbet baysansli bet10bet betkolik betsidney fashionbet gorabet holiganbet odeonbet romabet betasus betdoksan betgarden btcbahis casinoper casinovale coinbar eurocasino kazansana lesabahis mottobet trcasino trendbet nerobet bahistek
betgaranti giriş betpark giriş mariobet giriş supertotobet giriş tipobet giriş betist giriş kolaybet giriş betmatik giriş onwin giriş

Crypto banking and decentralized finance, explained

Posted by
Subscribe for News Feed

Stablecoins: According to The Block, a publication dedicated to cryptocurrency, the number of stable coins in circulation globally has jumped from $29 billion in January to $117 billion as of early September.

Note: The development of Bitcoin and thousands of other cryptocurrencies in a little over a decade has changed the definition of money.

What are stablecoins?

  • Cryptocurrency is very volatile, making it less practical for transactions like payments or loans. Prices tend to vary a huge amount in a short span of time.
  • Take for example Bitcoin. Its price goes up or down as much as 15-20% even with a single tweet by billionaire Elon Musk.
  • That’s where stablecoins come in.
  • Stablecoins are cryptocurrencies without volatility.
  • They share a lot of the same powers as other cryptos, but their value is steady, more like a traditional currency, i.e. the US Dollar, Indian Rupee, etc.
  • They are meant to provide the steady value of government-issued money in digital form for blockchain transactions, but they are issued by private entities.
  • Popular dollar-tied tokens include Tether and USD Coin.
  • The first stablecoin, created in 2014, was Tether.

Subscribe for News Feed