🎓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
😍What are the benefits? Stablecoins bridge the traditional financial system and the cryptoeconomy, allowing fiat currencies to exist in a form that helps you: 😌Minimize volatility 💸Trade or save assets 🙌Earn interest 🤝Transfer money cheaply 🗺️Send internationally
@coinbase So-called Stable Coins are interest-free unsecured loans. Avoid them like the plague