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#Stablecoins News




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Cryptocurrency rate exchange can change by 10% or more during a single day that makes it difficult to use them for calculations between individuals and entities. Stablecoin is a cryptocurrency that has a fixed rate exchange which can raise or drop no more than by 1%. The stablecoin rate exchange is fixed to the value of various assets which price is not being varied a lot under the influence of external factors (like gold or dollar). The aim of stablecoin creation was to integrate new economical inventions into the existing businesses without the risk to lose the finances during the fluctuation of rates. That is why stablecoins can be used for calculations between two counteragents out of the banking system and with maximum privacy. There are several types of the stablecoin depending on the tool to which it is pegged. The most popular are the stablecoins which have bindings with the dollar (Tether(USDT), TrueUSD, USDC и eUSD). Then go the cryptocurrencies which price depend on gold (Digix DAO) or oil (El Petro). There are also the cryptocurrencies which partially depend on more popular cryptocurrencies like Bitcoin or Ethereum (MarkerDAO). We monitor all the Stablecoins news and share them with you here.

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