Ask Leo: can stable coin pave way for cryptocurrency mass adoption

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Firstly what is a stablecoin ? Stablecoin is a digital currency that is pegged to a stable reserve asset like gold or dollar. It reduces volatility compared to something like Bitcoin and results in a form of digital money that is better suited to everything from day-to-day commerce to making transfers between exchanges.

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Many people have been been talking if the stable coin can really pave way for cryptocurrency mass adoption. To me I believe the stable coin can really pave way for the mass adoption of cryptocurrency because it is pegged coin such as the USTD. The stable coin has become way for new investors to make use to invest in other cryptocurrency.

Though the downward trend of USDC which depegged and create confusion, fear and a little doubt that algorithmic stable coin does have a future but likewise the stable coin is providing many liquidity to the people who doesn’t have dollar at hand due to sanctions and capital controls.

There is no doubt that if cryptocurrency will be massively adopted, stable coin will definitely play a significant role and make it come to actualization.

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