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

by Bybit11mOctober 12th, 2021
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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.

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Bybit, a crypto exchange, offers an ultra-fast matching engine across Spot, F&O, launchpads, earn products, NFTs & more.

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Bybit@bybit
Bybit, a crypto exchange, offers an ultra-fast matching engine across Spot, F&O, launchpads, earn products, NFTs & more.

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