Stablecoins in the cryptocurrency market

Stablecoins are coins without volatility. Their price does not change. They will not be able to earn a lot of money in one day. But the risks are minimal.

Let's talk about their history. Tether (USDT) is the first stablecoin. It was created in 2015. Its value was equal to 1 dollar. Coin with stable price gained popularity in the cryptocurrency market. Other coins began to appear behind it. Now there are several dozen of them.

For example:

  • The American bank Wells Fargo creates its coin. It will be created on the basis of the cryptocurrency system. It will be used for more efficient financial transactions.

  • Binance also creates its stablecoin. This is a Binance USD (BUSD) coin.

  • Do not forget about the Libra from Facebook. Many people are looking forward to her appearance.

Stablecoin issuers benefit from the release of cryptocurrencies. They are a convenient trading pair for exchanges and many companies. This allows them to attract new users.

Is stablecoins good for users

Stablecoins are save profit. After a successful transaction, the trader may not withdraw the earned funds to fiat. In this case, you do not need to waste time, pay a commission for withdrawal. Therefore, the transfer of assets to stablecoins is very popular.

They can also be used to earn money. Some issuers allow you to make deposits by freezing part of the funds. Although earnings are not very large, but is paid regularly.

Thus, stablecoins are quite stable in the cryptocurrency market. They have occupied their part of the market and are in demand. We also wrote about Bitfinex, which opens margin trading with USDT. It's interesting.

1 year ago

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