**STABLE COINS***

You hear the term a lot in the crypto world - but what really is a stable coin? Essentially, they are cryptocurrencies that attempt to “peg” their market value to an external reference. The most common example is a stable coin being pegged to a currency like the U.S. Dollar. The idea is that 1 stable coin = 1 US Dollar in terms of market value.

Stable coins are preferred over volatile cryptocurrencies when it comes to making an exchange. Therefore, the primary use for a stable coin is the facilitation of trades on crypto exchanges. Instead of buying Bitcoin directly with your US Dollars (an example of a “fiat” currency),

Examples of popular stable coins include: Tether (USDT), USD Coin (USDC), Dai (DAI), Binance USD (BUSD), Pax Dollar (USDP), TrueUSD (TUSD), and Digix Gold Token (DGX).