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@caster8
Stablecoins are cryptocurrencies designed to minimize price volatility by being pegged to a reserve asset like the US dollar or gold. Here’s why they’re important: - Stability: Provides a safe haven in the volatile crypto market. - Usability: Ideal for everyday transactions and cross-border payments.
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@caster8
- Transparency: Many stablecoins are audited regularly to ensure they are fully backed by reserves. Examples include Tether (USDT), USD Coin (USDC), and DAI. Stablecoins combine the benefits of cryptocurrencies with the stability of traditional currencies.
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