Delving into the world of stablecoins, getting ready to invest in (year)

If you love investing in cryptocurrencies Looking for a coin with the reliability and value of a stablecoin might be just what an investor like you needs. Stablecoin is therefore another option for investing in digital assets that meets your needs.

Stablecoin

What are stablecoins?

Before starting to invest You should first understand what a stablecoin is. Stablecoins are a type of crypto coin that is popular among investors because, as the name suggests, they are highly stable.

Stablecoins are coins whose value is based on the underlying assets of different types of stablecoins. For example: US dollars, various fiat currencies, or even other crypto coins. that we use, such as Bitcoin and Ethereum, etc. In other words, Stablecoin is a coin that is supported by various currencies. And this gives it stable value and reliability.

Today's crypto market is very open. As a result, the variety of different types of stablecoins is gradually increasing. For example, stablecoins such as Tether (USDT) or MakerDAO (DAI) etc.

Why is investing in stablecoins interesting?

As mentioned above, stablecoins are cryptocurrencies that are highly stable, but this is not the only reason why they have become so attractive to investors. Below are the advantages of stablecoins that you should consider.

Advantages of stablecoins

-Easy to use and low exchange time. This is because stablecoins allow you to easily deposit your Fiat funds on one of the many cryptocurrency exchange platforms in the crypto world. and not complicated

-Low cost Stablecoin trading fees are much lower than international money transfer fees.

The value of the coin is stable. As the coins are collateralized by different currencies. This makes the coins very stable in value compared to other types of digital assets.

-High liquidity and easy to use In the event that the digital asset market is highly volatile You can choose to exchange your holdings for stablecoins of your desired value as they are less risky.

How many types of stablecoins are there?

According to the latest information, stablecoins are divided into 4 types, which differ depending on what the stablecoin is supported by.

1. Fiat – collateralized

This type of stablecoin is supported by fiat currencies such as the US dollar, euro, pound, yuan, or baht, etc. Users can trade this type of stablecoin on general digital asset exchange platforms.

For example, Tether or USDT are very popular stablecoins. It is pegged to the US dollar, where 1 USDT is equal to 1 USD.

2.Commodity – collateralized

It is an algorithm-based stablecoin supported by various commodities such as gold, oil, land, stocks, instruments, metals, or funds, etc.

For example, Digix Gold or DGX, the value of a stablecoin is guaranteed by the value of gold. 1 coin is equal to 1 gram of gold and can be traded physically at exchanges that support such assets.

3.Crypto – collateralized

This type of stablecoin is supported by various digital tokens. But because the cryptocurrency world is highly volatile, it comes with some unavoidable risks. And this makes it necessary for users to put in a larger amount of crypto than the required stablecoin in order to trade.

For example, Dai by Ethereum blockchain-based stablecoin allows you to collateralize MakerDAO-supported ERC-20 tokens for DAI withdrawals.

4.Non-collateralized

Finally, this type of stablecoin is a type of stablecoin that is not backed by any assets. The value of the coin is controlled by an algorithm that reduces interest rates or reduces supply.

For example, Basis is a stablecoin that will reduce the supply of coins to maintain a stable value.

stablecoin trading platform

The world of digital asset trading has grown enormously over the past several decades. For this type of trading, it is necessary to have a platform that acts as an intermediary for exchange.

Below is an example of a trading platform. The newest stablecoin to stand out this year

แพลตฟอร์มซื้อขาย stablecoin - kucoin

kucoin

for kucoin may still be a new platform among Thai investors.The platform offers trading of cryptocurrencies such as Bitcoin, Ethereum, and Tezer, among others, as well as stablecoins.

They have both a website and downloadable apps for both Android and iOS mobile devices. You will also find useful analysis and graphs in the world of investing.

For depositing money into the account You can choose from debit cards, cryptocurrencies, and crypto wallets in a variety of currencies. The minimum deposit will be in dollars starting at $1.

แพลตฟอร์มซื้อขาย stablecoin - bingx

bingx

If you are looking for an outstanding and complete trading platform. bingx is an option that should not be missed. Here you can trade crypto coins. Stocks, instruments, commodities and stablecoins all in one place. Plus there are Copy Trading and Grid Trading functions available as well.

They also have strict security through Sumsub's 2FA system, and importantly, their crypto wallet has never been stolen.

แพลตฟอร์มซื้อขาย stablecoin - okx

okx

If you are looking for a standard exchange medium that has been in service for a long time, OKX is an interesting choice. They support cryptocurrency trading. Various types of commodities Including stablecoins as well.

In addition to diversity in terms of supported assets They are also top-notch in their transparency and are currently pursuing multiple certifications around the world to gain more exposure. including Thailand

more than that The platform also offers a variety of deposit methods in multiple currencies. Whether it is a deposit method through Crypto coins such as Ethereum, OKT Chain and Optimism, or a deposit of baht through the P2P system and deposits via credit and debit cards.

Storing your stablecoins

for storage Any stablecoin you have can be stored in your Crypto Wallet like any other digital asset, so it is imperative to choose a reliable Crypto Wallet provider.

Here, we recommend that you always ensure that your security keys are properly preserved. In order to reduce the risk of the money you have deposited in the respective Crypto Wallet.

Safety in using stablecoins

As we mentioned above, stablecoins are coins that are pegged to fiat currencies and assets, giving them a more stable value and lower risk compared to other coins.

On the other hand, because this type of stablecoin works centralized, This makes this digital coin still more likely to encounter problems with intervention by the government or other agencies as well.

Therefore, investors should study the market, currency values, and various related factors well before investing every time in order to make your investment in Stablecoin safer and get the desired results.

Frequently asked questions about investing in stablecoins

What are stablecoins?

Stablecoins are digital coins that are collateralized by fiat currencies and assets, making their value more stable than other coins in the world of cryptocurrencies.

Where can I buy stablecoins?

You can buy stablecoins from various investment platforms that support this type of asset, including: kucoin or bingx or okx etc.

How many types of stablecoins are there?

Stablecoins are divided into various types, such as stablecoins that are pegged to fiat currencies such as the yuan, dollar, or baht, etc.

And some stablecoins are pegged to Cryptocurrencies or commodities, etc.

Is investing in stablecoins risky?

Although stablecoins are coins that have a relatively stable value, But investing in stablecoins still carries risks as well.

In which market should you buy stablecoins?

As stablecoins are coins whose value is pegged to fiat currencies and other assets, their use is appropriate during periods of volatile trading markets. Or in case you want to invest with low risk

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