What are the advantages of using stablecoins?

What are the advantages of using stablecoins?

The appearance of Bitcoin in 2009 brought a completely different perspective to the financial market. Since then, hundreds of new crypto-currencies have been created. Among these virtual currencies are stablecoins. What are the advantages of using stablecoins? Find out in this article.

Offer ease of use in the world of trading

To fully understand the benefits of using stablecoins, it is important that you know the Stablecoin Definition. Still referred to as stable currencies, stablecoins are digital assets that aim to ensure exchange rate stability in the crypto-currency market.

Stablecoins use various mechanisms to ensure that their price is stable relative to the reference asset. Some of them eliminate the price volatility of other crypto-currencies. This keeps the crypto value of stablecoin users constant and predictable, without the need for currencies such as the dollar or euro.

Secondly, the digital and decentralised nature of blockchain allows stablecoins to be highly mobile and easy to exchange. This is evidenced by the fact that stablecoins allow the transfer of value without geographical boundaries, at any time of the day. These transfers are made with low fees, operating in secure, private and censorship-resistant networks.

At the heart of the cryptocurrency ecosystem, stablecoins are very useful for those who trade, as they provide protection from sudden price changes to choose the best possible buying times.

Stablecoins are very economical

In times of falling markets, transferring crypto funds to stablecoins allows one to protect oneself from falls and then repurchase the asset at a lower price or reconfigure the entire crypto portfolio. As a result, the low volatility helps to offset the movements of other virtual currencies.

In the retail payments market, stablecoin-based solutions aim to address changing consumer preferences for instant, continuous or standardised payments. This will increasingly drive consumer growth. You may have noticed that the current offer of electronic payment means does not have a universal and user-friendly cross-border solution similar to cash payments. This is not the case with Stablecoins. Stablecoins could therefore be considered as a universal means of payment facilitating cross-border payments in a single unit of account.

Similar

How to choose the best bitcoin casinos ?
How to choose the best bitcoin casinos ?

How to choose the best bitcoin casinos ?

Cryptocurrency has revolutionized the way we transact and interact with money. The advent of bitcoin and...
3 parks to absolutely visit in Strasbourg
3 parks to absolutely visit in Strasbourg

3 parks to absolutely visit in Strasbourg

Strasbourg, the capital city of the Grand Est region of France, is a beautiful city with a rich history and...
Infographic: 3 tips for successful Instagram photos
Infographic: 3 tips for successful Instagram photos

Infographic: 3 tips for successful Instagram photos

Instagram is now part of the most used social networks in the world. Many people use it to create content,...
What is the best tool to verify and clean the mailing list ?
What is the best tool to verify and clean the mailing list ?

What is the best tool to verify and clean the mailing list ?

A list with thousands, or even tens of thousands of email addresses, necessarily contains invalid addresses....
What are the characteristics of a good laptop battery?
What are the characteristics of a good laptop battery?

What are the characteristics of a good laptop battery?

Choosing a battery for your laptop must mean making the best choice. This will guarantee a good autonomy for...
How to have a good biker look?
How to have a good biker look?

How to have a good biker look?

Today, biker wear is at the height of its popularity. Many manufacturers are encompassing fashions...
Some of the major luxury clothing brands
Some of the major luxury clothing brands

Some of the major luxury clothing brands

The luxury market is increasingly competitive today.  A plurality of brands are fighting a real...
Is it legal to set up an offshore company ?
Is it legal to set up an offshore company ?

Is it legal to set up an offshore company ?

As a business owner, you may be interested in the idea of setting up an offshore company in a tax haven. As...
What are the different payment options at 1xbet ?
What are the different payment options at 1xbet ?

What are the different payment options at 1xbet ?

1xbet is one of the bookmakers offering the largest amount of payment options. With various payment methods,...
Visit El cielo beach in cozumel: what do you need to get there?
Visit El cielo beach in cozumel: what do you need to get there?

Visit El cielo beach in cozumel: what do you need to get there?

Cozumel is an island in Mexico, most of which is uninhabited. To visit Cozumel is to visit the third largest...
Some ideas to adopt to improve the design of a website?
Some ideas to adopt to improve the design of a website?

Some ideas to adopt to improve the design of a website?

Creating a website and administering it yourself, requires some monitoring or updating for its development....
Did Coca-Cola invent Santa Claus?
Did Coca-Cola invent Santa Claus?

Did Coca-Cola invent Santa Claus?

At almost every family dinner during the Christmas season, there is always someone who will tell you that...
03 tips to pay less for your car insurance
03 tips to pay less for your car insurance

03 tips to pay less for your car insurance

More and more people are taking out car insurance because of its benefits. However, many people complain...
How to take Kratom and its effectiveness?
How to take Kratom and its effectiveness?

How to take Kratom and its effectiveness?

In this article we will explain how you can use Kratom and what the benefits are. When using the powder,...
Can kratom abuse cause erectile dysfunction in men?
Can kratom abuse cause erectile dysfunction in men?

Can kratom abuse cause erectile dysfunction in men?

People see kratom as the perfect antidote for alcohol withdrawal and opioid addiction. They also use it as...
4 fantasy series and movies that inspired slot machines.
4 fantasy series and movies that inspired slot machines.

4 fantasy series and movies that inspired slot machines.

Casino games, especially slot machines, are generally inspired by many themes. One of the most popular...
Arsenal’s Mesut Ozil finally moves to Fenerbahçe
Arsenal’s Mesut Ozil finally moves to Fenerbahçe

Arsenal’s Mesut Ozil finally moves to Fenerbahçe

After so much speculation from pundits as sports analysts, it seems Ozil is moving to Turkey. The midfielder...