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stable coin

Stablecoin, a type of cryptocurrency, is explained in an easy-to-understand manner, including its structure, types, advantages and disadvantages.

Stablecoin is a cryptocurrency whose value is linked to a legal tender such as the dollar or an asset such as gold in order to reduce price volatility. Unlike cryptocurrencies like bitcoin, whose prices fluctuate widely, stablecoins are suitable for daily transactions and value preservation. Stablecoins are available in legal tender-backed, crypto-asset-backed, and algorithmic types.

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