The Role of Stablecoin

[Suba]

As we know, the crypto market is very volatile, often providing major challenges for traders and investors for stablecoins that can provide security and stability.

The Role of Stablecoin in the Crypto Market
In addition to being a crypto trading pair, stablecoin is also always used as a means of payment or daily transaction media in the crypto market. Stablecoin is also used as a bridge between traditional finance and the crypto market, stablecoin also acts as a liquidity provider in DeFi, CEX and cross-border payments.

The Role of Stablecoin in the Traditional Economy
In Western Europe and North America which have a stable traditional financial infrastructure so that the adoption of stablecoins is slow, however, many institutional investors have adopted stablecoins as liquidity management and transaction settlement. Meanwhile, in the Oceania and Southeast Asia regions, stablecoins have been widely used as cross-border payments and remittances that replace fiat money. Meanwhile, in the Middle East such as Saudi Arabia, the United Arab Emirates and Turkey, the use of stablecoins is increasing rapidly and has even surpassed the use of Bitcoin and Ether.

My question is, do you have stablecoins, and what do you use stablecoins for?

 

[Min George]

Stable coin allows people to hold their crypto assets in a token that is not volatile while waiting to be used.

 

[Trush Jodie]

Stable coin helps one to hold their trading capital in a token that won't go up and down. This utility is mainly for day traders.

 

[Augusta]

I believe they can be used for payments and are more likely to retain value than highly volatile cryptocurrencies