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RE: Steemit Crypto Academy Contest / S8W2 - What are Stablecoins?
Hi friend @starrchris thanks for sharing your understanding about the topic.I learned a lot from your post and simple explanation.
Due to the stability of the coins they are used in the trading and are considerd as the trusted coins.Many of the people preferred stable coins beacuse there are not rapid fluctuations of the prices occurs while making the transaction like other cryptocoins.
When i talk about no restrictions, i mean the stable coins can be used all over the world, despite your religion or culture
Good point stable coins has the vast use and can be used without any border limits they can be used in great range.
You have written well about the topic.Thanks for sharing and Good luck for the contest.
😲 wow , I am glad 😊 you find pleasure in my post. Yea stable coins are really the best, their low volatility gives them an edge.