Stablecoins are cryptocurrencies whose price is tied to the value of some traditional financial asset (for example, gold or fiat currency). Their main goal is to mitigate market volatility. However, not all stablecoins are equally useful.
From the volatility point of view (and, accordingly, stability), the best result was shown by TrueUSD: since the beginning of the year, it has grown by almost 5%. Tether by that time fell by 3%.
But there are several stablecoins, which failed completely and did not meet investors’ expectations, those are Havven (-71%), Steem Dollars (-88%) and NuBits (-90%).
But there are several stablecoins, which failed completely and did not meet investors’ expectations, those are Havven (-71%), Steem Dollars (-88%) and NuBits (-90%).
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