Can a Stablecoin Jeopardize the Position of Bitcoin in the Crypto Space?

2 min read

Stablecoin is a type of cryptocurrency designed primarily to maintain a stable market value. It’s recognizable by the fact that it’s tied to something that has a relatively stable price. It can be related to FIAT currencies, such as the US dollar or other cryptocurrencies, as well as gold and other precious metals. The main characteristic of a stablecoin is that it tends to be a globally accepted currency that isn’t tied to the central bank and is quite stable in terms of value. New projects that launch their stablecoins appear day by day, so from 2019, this type of…...

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Mahendra Bajiya Mahendra Bajiya is a blogger & digital marketer who writes for the larger Cryptocurrency publishers. If you want to get in touch you can find him on LinkedIn.