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What is a stablecoin?

A stablecoin is a cryptocurrency whose value is backed by an external asset, such as the US Dollar.

For a long time, Bitcoin and early cryptocurrencies could only be exchanged for other cryptocurrencies or fiat currencies. If you wanted to swap your coins, there was no way for crypto holders to move into a fiat-backed asset without exiting the crypto ecosystem altogether. This is where stablecoins stepped in.

Many crypto traders utilize stablecoins in order to remain in the ecosystem by holding an asset with a constant price. A less volatile digital currency by design, you can exchange them 24 hours a day without having to cash out to your bank. These tokens will always hold their current value, as long as the backing ratio remains true.
No matter which stablecoin you prefer. Secrex supports USDT, USDC, BUSD, DAI and more. Follow to learn more 🚀

How old is your first crypto purchase and are you still hodling? With a secure wallet where you own the keys this is possible for decades. Follow us for more details 🚀