Cryptocurrencies such as BUSD and $USDT are considered as stablecoins but what does this mean? Find out here ⤵️
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 .
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