What is the purpose of stablecoin?

While predictable cryptocurrency may sound like an oxymoron, stablecoins – like their name suggests – were designed to counter crypto’s hallmark volatility and provide a convenient way for crypto traders to preserve their fiat value without having to cash out of the market and to allow users to pay for everyday goods …

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How does stablecoin make money?

Centralised stablecoins, like USDT (Tether) and USDC, make money through lending and investing , in a manner similar to traditional banks. They do these through fractional reserve banking, where only a fraction of deposits are backed by physical cash on hand that can be withdrawn by investors.

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Is USDT a good investment 2021?

Is Tether a good investment? Unlike other speculative coins, which inspire headlines with their whopping gains or losses, Tether is not meant to be an investment . It is rather used against cryptocurrencies’ volatility. Always keep in mind that the value of your investment can go down as well as up.

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