What Is a Stablecoin? | Binance Academy

manage the supply of the tokens issued. This model is much rarer than crypto or fiat-backed stablecoins and more challenging to run successfully.

Essentially, an algorithmic stablecoin system will reduce the token supply if the price falls below the fiat currency it tracks. This could be done via locked staking, burning, or buy-backs. If the price surpasses the value of the fiat currency, new tokens enter into circulation to reduce the stablecoin’s value.Stablecoins are versatile and powerful tools for investors, traders, and cryptocurrency users.

. Double-spending and false transactions are also almost impossible to do. These qualities, and more, make stablecoins incredibly versatile.a certain percentage of a portfolio to stabilized coins is an effective way to reduce overall risk. Your portfolio as a whole will be more resistant to market price swings, and you will also have funds on hand in case a good opportunity shows up. You can also sell crypto for stablecoins during a market downturn and repurchase them at a lower price .

DOJ will serve as a dual functionality token, DOJ is the native token of Dojima network. dojimanetwork DOJ

peterkimmel I'm definitely interested in learning more about how stablecoins have changed the way we trade and transact. Can't wait to read up on it! Stablecoins CryptoEcosystem

Please clarify paxos situation and busd please. cz_binance

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interesting article on StableCoin

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What about busd

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Stablecoins are a type of cryptocurrency that have their value linked to an underlying asset, such as the U.S Dollar or gold. This provides stability and allows users to

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I like stablecoins ☺️

$SPOT by ampleforth is the new direction in stablecoin’s world. I hope to see inflation resistance store of value on Binance soon. SPOT FORTH.

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BabyDogeCoin

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