🎓STABLECOINS 101🎓 We believe stablecoins like #USDC can be the foundation for innovation in a new era of financial services. But what are stablecoins? Why do they matter? Let's dive in...🤿🧵👇
🪙What are stablecoins? Stablecoins are digital currencies designed to reduce volatility by being pegged to “stable” reserve assets like gold or the US dollar. As a result, stablecoins have become some of the most popular ways to store and trade value in the crypto ecosystem.
🧐Why are they important? Stablecoins are free from the volatility of non-pegged cryptocurrencies while inheriting some of their most powerful properties: ☑️Open, global accessibility ☑️Fast/Cheap/Secure to transmit ☑️Digitally native & programmable
@coinbase so $USDT value lost 8.5% since last year.. and probably another 10% till next year.. and another 5% till 2024.. and so on...
@coinbase The @federalreserve need to hurry up and adopt USDC and make it the official digital dollar before China try’s to take over the blockchain market with their digital yuan.