Stablecoins explained

The “Bridge” Between Crypto and Fiat: What To Know About Stablecoins

By SimpleSwap | SimpleSwap Blog | 27 Apr 2023


Stablecoins appeared in 2015, and since then they’ve become an important part of the cryptocurrency economy. They are considered to be one of the reliable and trustworthy ways to store your savings. Such tokens have a low level of volatility, because they are backed by reserve assets, like U.S. dollars or gold. Stablecoins help to strengthen the crypto economy, and it seems like one day they may even become a usual means of payment in our everyday life.

If you want to get to know these tokens better, then read our Stablecoins Guide. There you’ll learn about the benefits and drawbacks of stablecoins. And if you want to research some more information about these tokens then the SimpleSwap blog has a lot to offer for different occasions.

For example, did you know that some stablecoins can work on different blockchains? And sometimes choosing the best network can be confusing. To help you make a decision we wrote an article called “How to Pick the Blockchain When Buying a Stablecoin

Or maybe you don’t really know the difference between popular stablecoins and it’s hard to find the best solution. SimpleSwap got you covered! We have materials about popular tokens, like: 

 

 

As we know, the Crypto World often gets in trouble with new regulations, or sometimes it suffers from the competition between projects. Find out about conflicts of stablecoins: “SEC Delivers A Blow To Binance: What Will Happen With BNB and BUSD Now?” and “Stablecoin War”.

All these articles should help you to better understand stablecoin sector in the crypto market. And if you want to learn more interesting facts about cryptocurrencies then don’t miss new materials on our blog!

The easiest way to buy or exchange coins is to use SimpleSwap services.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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