An Intro to Stablecoins You Can Forward to Your Noob Friends by@bybit

An Intro to Stablecoins You Can Forward to Your Noob Friends

Stablecoins are cryptocurrencies that have their price pegged to or backed by a stable asset, or group of assets. Most are pegged to fiat i.e. real currency, but some may be pegged to the price of commodities such as gold, or even other cryptocurrencies. Stable coins are generally very stable because of the high stability of the asset they’re pegged to. The market needs to have trust in the asset the coin is pegged to, such as US dollars, gold and oil.
image
Bybit Hacker Noon profile picture

Bybit

Bybit is one of the fastest growing cryptocurrency derivatives exchanges, with more than a million registered users.

Bybit Hacker Noon profile picture
by Bybit @bybit. Bybit is one of the fastest growing cryptocurrency derivatives exchanges, with more than a million registered users.Sign Up to Trade on Bybit

Tags

Join Hacker Noon

Create your free account to unlock your custom reading experience.