Bryan
Bryan

Stablecoins

Definition of Stablecoins

Stablecoins are cryptocurrencies that peg their market value to some external reference, often fiat currencies like the U.S. Dollar or the Euro. It can also be pegged to commodities like oil or gold. It is a tokenized version of the asset and can be introduced subtly into a blockchain ecosystem to facilitate seamless pass transactions, improved arbitrage, and value exchange.

Stablecoin used in a sentence

‘’I exchanged all my cryptos for stablecoins last night, I believe the market is going to tank!’’

‘’I always trade against stablecoin pairs, it’s easy to know what each crypto is worth then.’’

Bryan
Bryan

Bryan indulges in every bit of crypto-related news and material he can lay his hands on. As such, he often shares his views and advice through the onXRP content platform. He is a firm believer in crypto’s potential in the financial and economic world. With 5 years of experience in investing and trading Bryan brings excellent insights to the table. He is excited to bring much of this knowledge and many of his skills to the onXRP platform.