The Currency Analytics
By Ayobami Abiola
Why Stablecoins?
Stablecoins Eligibility
Cross Blockchain potential
Traders see It as a Safe haven
Opportunity for Online Shop Owners
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Stablecoins' value is beginning to emerge and getting established in the mind of many new traders as BTC plunges and many analysts predict a bottom of $5000 to 6000$ before the…
Stablecoins were created to solely compliment the volatility weakness in most cryptocurrencies as huge price fluctuations can cripple holders' wallets in a matter of days.
Eligible physical assets to be used to back any stablecoin must be one which has huge liquidity and doesn't fluctuate haphazardly in price.
Stablecoins have been seen to have the ability to connect blockchains as a particular stablecoin can be created on different blockchains so many people can have it on their…
As Bitcoin began to plunge a few hours ago, many analysts predict that it will fall to around $5000- $6000 before it retraces to break the $10,000 barrier to stabilize at around…
An anonymous trader stated a few hours ago:
“BTC probably will go down one time more before the bull run… at the moment I'm out, waiting to buy more BTC… all my money is now in TUSD, USDT, USDC and PAXOS…”
Online shop owners can accept Cryptocurrency stablecoins too to cut losses due to frequent price changes.
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