Tag: USDC

The cryptocurrency market is renowned for its volatility. This instability often acts as a double-edged sword, attracting traders looking for high returns while simultaneously deterring those who seek stability. This is where stablecoins play a critical role. Stablecoins are a unique class of cryptocurrencies that aim to offer price stability by being pegged to a reserve asset, commonly a fiat currency such as the US dollar or a commodity like gold. Anchoring Value: How Stablecoins Maintain Stability Stablecoins maintain stability through collateralization or by employing algorithmic mechanisms. Fiat-collateralized stablecoins, like USDC...