You may have heard about stablecoins, which somewhat contradicts the profitably volatile markets of cryptocurrencies, so what exactly is a stablecoin?
Stablecoins are cryptocurrencies designed to remain stable due to being pegged to a traditional commodity or currencies, such as gold or the USD. These cryptocurrencies maintain their market through external factors rather than the token economy.
These stablecoins preserve their stability by holding a reserve of collateral assets, meaning they have a pegged asset for every token issued.
So, if you prefer a less volatile cryptocurrency, you can deposit and withdraw using our supported stablecoins. USDT, otherwise known as Tether, is pegged to the USD and maintains a stable price to ensure the chaos of the crypto markets does not impact you.
