WHAT ARE STABLE COINS?

WHAT ARE STABLE COINS?
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In this video, let's do a deep dive on stable coins? What are they? Should you invest in them? What's the difference between USDT, USDC and BUSD?
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US STOCKS

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BITCOIN ESSENTIALS:

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TRADING ESSENTIALS:

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To invest in US stocks if you are based in the US and Japan: http://bit.ly/TradeUSstocks

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More about me:
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Dividend Investing: https://www.youtube.com/watch?v=9-DQSmFvMts&list=PLlr3m26N_qh7TGHHnlwsC0p44CRf5NrTT

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VERY IMPORTANT

Please do not buy a stock just because it is talked about in Youtube. This video is for informational purposes. This is to give you a reference point and data on how you are suppose to analyse stocks only. Never buy or sell just because of this video.

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#StockSmarts #StableCoins #CryptoInvesting
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What Is a Stablecoin? A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of payments of cryptocurrencies, and the volatility-free stable valuations of fiat currencies. KEY TAKEAWAYS Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference. Stablecoins may be pegged to a currency like the U.S. dollar or to a commodity's price such as gold. Stablecoins achieve their price stability via collateralization (backing) or through algorithmic mechanisms of buying and selling the reference asset or its derivatives. Understanding Stablecoins While bitcoin remains the most popular cryptocurrency, it tends to suffer from high volatility in its valuations. For instance, it rose from the level of around $5,950 in November of last year to above $19,700 in December, and then declined by around two-thirds to the level of $6,900 by early February. Even its intraday price swings can be wild; it is common to see the cryptocurrency moving in excess of 10 percent in either direction within a span of a few hours. This kind of short-term volatility makes bitcoin and other popular cryptocurrencies unsuitable for everyday use by the public. Essentially, a currency should act as a medium of monetary exchange and a mode of storage of monetary value, and its value should remain relatively stable over longer time horizons. Users will refrain from adopting it if they are not sure of its purchasing power tomorrow. Ideally, a crypto coin should maintain its purchasing power and sho