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Why does the value of a stablecoin soar as everything else in crypto shrinks

Stablecoins are the answer to the problem of volatility in the cryptocurrency market. These coins are pegged to a stable asset, usually fiat currency like USD or EUR, so that traders can trade without worrying about price fluctuations.

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Why does the value of a stablecoin soar as everything else in crypto shrinks

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  1. Why does the value of a stablecoin soar as everything else in crypto shrinks? Stablecoins are the answer to the problem of volatility in the cryptocurrency market. These coins are pegged to a stable asset, usually fiat currency like USD or EUR, so that traders can trade without worrying about price fluctuations. Read more: https://www.qaspirit.com/question/why-does-the-value-of-a- stablecoin-soar-as-everything-else-in-crypto-shrinks#answer-question …………………………………… QASpirit Email ID: qaspirit.com@gmail.com Visit Us:

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