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Are Stablecoins Recession-Proof?
Stablecoins, as opposed to extremely volatile cryptocurrencies such as Bitcoin and Ethereum, are intended to have a steady value, sometimes tethered to a fiat currency such as the US dollar. Because of this stability, stablecoins are increasingly being used for a variety of purposes, including online transactions, remittances, and as a store of value. However, as the global economy faces uncertainty and the risk of a downturn, the question of whether stablecoins are recession-proof arises.The As...
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Posted: Nov 2 2023, 12:29
Author Name: financemagnates
Views: 112235