One of the most feared things by many investors is uncertainty, not knowing if an investment will generate dividends or not if you will be able to recover the investment. Hence, a lot of time and resources are invested in trying to make reliable predictions regarding the potential of a project. The world of blockchain has many and varied projects, some are just “booby-hunting” traps, others on the contrary are serious and well-developed, projects that are worth supporting and investing.
But... this great diversity also generates a lot of anxiety for investors, seeing how crypto goes from being worth $ 0.00001 to $ 10 in a month is something very appetizing, but when you are saving and the opposite happens ... it is a great catastrophe! That is why looking for mechanisms to offer alternatives that allow investors to keep funds in the blockchain with the security that they will not lose their value, many projects have created the so-called “stable coins”, would you like to know more about them? stay with me and together we will learn about them.
What is a Stablecoin?
When a cryptographic asset is designed in such a way that it maintains a fixed exchange value or with very little variation, it is considered to be a stable currency. Now, like the rest of the altcoins for it to be considered as such, the currency must not only be stable but also be decentralized, offer security to operate, and be generated by a solid project.
A stable coin provides its holders with the benefits of being able to carry out operations within the blockchain environment and all its benefits (confidentiality, immediacy, commission savings, ease of access, etc.) with the peace of mind of having the certainty that their Coins will maintain their value in the face of market price rises and falls.
Why are stable coins important to the blockchain?
One of the benefits of any currency is its ability to represent a reserve of value that facilitates the exchange of goods and services with the peace of mind of not losing capital in each transaction, hence we must be clear that many investors are looking for a means of payment " insurance ”with which they can acquire other crypto assets that they will use to generate money through market speculation.
As we already know, within the cryptographic market large amounts of money can be generated from knowing when and how to invest, taking advantage of the volatility of the market, but both for investors who are just starting in this type of business, as well as those who want to go By generating “savings” in cryptocurrencies, being able to count on a mechanism to safeguard the value of your investment, is always well received.
Likewise, stable coins, thanks to their decentralized and easily accessible characteristics, offer a solution for investors in inflationary economies in which, due to government regulations, it is difficult for them to be able to exchange their fiat currencies for other more stable fiat currencies to protect your financial capital.
It's not just about generating profits
Perhaps for us, who are already within a blockchain environment, it is natural that a good investment in crypto assets generates good dividends, but for many people, it is inconceivable that “something that is not seen” is capable of generating or mobilizing so much money, first they think is that either it is a scam, or it is a speculative bubble. Hence, they view any operation with crypto assets with doubt or suspicion.
Hence, being able to count on stable coins, in addition to providing efficient payment mechanisms and value reserve with which we can make transparent and reliable transactions, generates in investors and the general public the confidence and tranquility necessary to "venture" into the negotiations with crypto assets, something like a kind of "lifeboat" in the face of market speculation.
Did you already know stable coins? What do you think about their use within blockchain projects? Would you like us to continue talking about this topic? Come on, give us your opinion! See you in the comment box
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