Why is stablecoin a great invention

1. Why are Stablecoins a great invention? Stablecoins have emerged to resolve the volatility and stability problems of traditional cryptocurrencies. There are over 200 stablecoins in existence, including Tether(USDT), TrueUSD, and most recently, SameUSD. SameUSD pegs to a bundle of stablecoins, ensuring insulation against shocks to a particular currency, commodity, or entity. Reasons for the invention of stablecoins Stablecoins come as digital money and aim to simulate fiat currencies that are more stable than cryptos. • Stablecoins are not vulnerable to the extreme price volatility experienced by traditional cryptocurrencies. • Some have their prices pegged on fiat currencies or on other cryptocurrencies, while others rely on a combination of algorithms and smart contracts. • New stablecoins are entering this space regularly to resolve these drawbacks. SameUSD has come to mitigate the underlying risks associated with stablecoins. • Features of SameUSD Pegged to a bundle of stablecoins: Insulated the stablecoin against shocks such as price volatility and regulatory risks. • • Decentralized: Transparency helps avert risks over-issuing the stablecoin as all processes can be monitored within the blockchain network. • Open market arbitrage: Samecoin allows free exchange between various stablecoin through open market arbitrage. • Scale up despite fluctuating values: SameUSD is dynamically minted and burnt using the Samecoin Protocol based on the reserves. Applications of Stablecoins • They can be an alternate source of loan in circumstances where you don't qualify for one from the traditional banks. • Also, you can safely take care of recurring bills such as rent, salaries, and subscriptions through the use of smart contracts. • Stablecoins possess huge potential to revolutionize the future of finance, should they be adopted globally. Uses in the real world, although on a small scale • As a store of value: Guard against hyperinflation of the fiat currency and other cryptos • Making payments: Accepted by WordPress, Microsoft, and Walmart and others • Salaries and remuneration: Payment for workers on a small scale. • Loans: High yield opportunity for debt investors offering double-digit interest rates. Samecoin’s SameUSD offers a perfect alternative for cushioning one's assets against hyperinflation because of the level of stability it is guaranteeing. It is also a faster and more secure stablecoin that can be used in making day-to-day payments. Join An Ecosystem. A Real One. facebook.com/SamecoinCom twitter.com/SamecoinCom t.me/Samecoin samecoin.com