Every successful cryptocurrency comes with unique characteristics and features that are asses by the developers to fill in the gap in the crypto market. For example, the altcoin comes with a low crypto price and high volatility as compared to bitcoins and Ethereum. In the same way NFT comes into the crypto market with a unique identity, attributes, and metadata.
The crypto market is very uncertain and unpredictable, while stablecoins come into existence to fill the gap in the online market to diminish the concept of uncertainty. Investors feel confident while making investments in stablecoin through a reliable cryptocurrency exchange. The investment or trading in the bitcoin or altcoin is not assured to be profitable in the short or long run due to haphazard fluctuation in the market. Investors have to make the proper planning and strategy to invest in the most volatile currency of the online market.
There is a large number of people who want to take exposure to the online market without losing their money. They are low on budget or some of them are retired and they don’t want to put all their retirement in the crypto. These people are called risk averted, furthermore they also avail the opportunity of crypto by safe investing in the stablecoin. These stablecoins are tether and USDC. in some cases these stablecoins are also referred to as digital dollars. They are equal to 1 US dollar.
There are multiple crypto and altcoin exchange where you can buy easily stablecoin without any hardness. In view of that, KuCoin is the best altcoin exchange that works 24/7 throughout the year. They have million-dollar support that guides you through a hard time. KuCoin provides multiple features to its new users like waiving off transactional fees. KuCoin also helps you in form of a dedicated section of tips and tricks for their registered or guest users. To avail of all the services free of cost, you have just signed up on the KuCoin website and made your account.
As discussed above every cryptocurrency comes with a unique feature, in the same way, the stablecoin comes with an extraordinary feature that is liked by the investors and traders in real-time.
Most investor use stablecoin to hedge the risk. They do not put all their eggs in one tray. They keep 20% to 35% of their investment in the stablecoin to recover any loss from any altcoin cryptocurrency. The stablecoins are easily convertible into physical dollars that’s why people really like it more than any other cryptocurrency.
Stablecoins are low volatile in nature as compared to other cryptocurrencies and easily predictable. They are equal to 1 US dollar and people like to keep their dollars in digital form. They feel the weight and burden to carry heavy wallets in their pocket. They feel easy and relaxed with cashless transactions. They just want to swap or enter the code to make the transaction complete within seconds. The people worry less about the snatching of money in the streets.
Shopping and payments
As the popularity of stablecoins is growing, now merchants and brands are accepting the stablecoin on their front desks. They encourage their customers to receive payments in the online form as transfers of stablecoins direct in their account. People like to shop through stablecoin rather than through online banking because online banking still needs 2 to 3 days to settle the transaction while stablecoin does not need any kind of time to settle. It reflects the effect with immediate effect.
Store its value
You can also save your cash in form of digital assets and feel worried less about stealing money. You can convert your physical assets into digital assets without occupying any kind of space and security.
Resultantly, the crypto price of stablecoin remains stable in haphazard situations and fluctuations in the online market. Furthermore, they are backed by tangible or non-tangible assets to keep their worth steady and stable. These stablecoins are specially designed for the dollar currency, however, they are also coming in Euro currency. Last but not least, a stablecoin is the best choice for risk-averted people, traders, and investors to keep their investments and saving safe and sound.