The exponential rise of stablecoins, marketed as a stable form of crypto, has sent ripples through the financial world. Touted for their potential to facilitate faster and cheaper transactions, stablecoins have gained popularity among traders and investors.

However, it is becoming increasingly apparent that stablecoins might not be as stable as they purport to be. This could potentially impact individual investors and the broader financial market.

Stablecoins Not As Stable as Promised

Unlike other cryptocurrencies, stablecoins are tied, or “pegged,” to an asset, often the US dollar. By linking their value to a less volatile asset, stablecoins seek to offer the best of both worlds: the speed and privacy of cryptocurrencies without the price swings.

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Author: Bary Rahma

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