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How will Samecoin minimize my risk when holding stablecoins

Samecoin.com. Take a closer look at what stablecoins are and why the SameUSD by Samecoin ecosystem will improve upon the previous generation of stablecoins<br><br>An ecosystem. A real one. Join Samecoin.com.

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How will Samecoin minimize my risk when holding stablecoins

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  1. How will the Samecoin ecosystem minimize my risk when holding stablecoins? samecoin.com

  2. Holding stablecoins has always had its risks due to their supply being controlled by a single centralized entity. Owners of a stablecoin should trust the organization governing it to keep its value pegged to the underlying fiat currency such as USD or EUR. Stablecoin is a type of cryptocurrency that has value pegged to another cryptocurrency, fiat currency, or even a commodity such as gold. Transferring stablecoins from one wallet to another is cheap, fast, and reliable. However, there are some risks associated with stablecoins. samecoin.com

  3. What are the main risks of holding stablecoins? The main risks that arise from owning any stablecoin come from its value being pegged to an underlying asset, such as USD. • A sudden demand or supply spike for a particular stablecoin arises, there is a good chance of at least a short-term price movement from the ideal 1:1 peg. • Investors and traders who hold USDT effectively place their trust in the governing body of Tether to ensure each coin is backed by actual fiat money. samecoin.com

  4. How can Samecoin minimize the risk of holding stablecoins? Samecoin aims to decentralize the way stablecoins are issued as its distribution is programmed in a set of Decentralized Finance smart contracts. • After purchasing and staking SameUSD, owners can receive rewards as Samecoin and use it to participate in the Samecoin protocol voting mechanism. • Additionally, with SameID, your stablecoins are kept in a secure wallet, with every login verified on the blockchain. This fact ensures you are, in fact, in control over your stablecoin. • samecoin.com

  5. Samecoin is pegged to a basket of other stablecoins Samecoin reduces this risk to a minimum as a basket of other stablecoins is used to sustain its value. Therefore, if one of the stablecoins in the basket starts to become mispriced, the rest of the stablecoins still ensure price stability. samecoin.com

  6. Conclusion Samecoin and its stablecoin SameUSD is governed in a decentralized way while being pegged to a basket of other stablecoins. Governance over SameUSD is ensured by the holders of Samecoin that can vote and receive rewards for staking their coins. samecoin.com

  7. Join An Ecosystem. A Real One. samecoin.com facebook.com/SamecoinCom twitter.com/SamecoinCom t.me/Samecoin samecoin.com

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