Why do we need Stable Coin?
What is Stable coin? Stable coins aim to become global, fiat-free money that is programmatically issued and tracked with the use of blockchain technology.Stablecoins fall into the category of payment tokens ,whose main purposes are store of value,medium of exchange,or unit of account.Unlike other cryptocurrencies such as Bitcoin and ether,stablecoins by design aim to achieve stability and decrease the volatility that is frequently associated with cryptocurrency markets. The main benefits that stablecoins strive to create are price stability, scalability ,privacy, decentralization and redeemability. Stablecoins work as a bridge between the world of crypto and the world of fiat currencies. The companies use some centralized authorities that back every coin with one-to-equivalent in USD or Crypto and controls the price volatility. Types of Stable Coins: There are three Principles models used with the aim of enabling stablecoins to achieve their characteristi...