What are Stablecoins?

What are Stablecoins? How do they help the Unbanked?

How are they kept at a constant price?

  • Being available globally for anyone with accessible internet to use.
  • Being open 24/7 so you can use any time you want without having to worry about time stoppages.
  • Fast, cheap, and secure to transmit, unlike other unsecured cryptocurrencies.

There are many other stablecoins tied to various assets. Here are a few of the most popular ones:

  • USDC Coin (USDC) — Tied to the U.S. dollar.
  • Dai (DAI) — Tied to the U.S. dollar.
  • Euro Coin (EUROC) — Tied to the Euro.
  • Pax Gold (PAXG) — Tied to the price of gold.

Why Use Stablecoins? What can you do with them?

  • Minimize volatility: Stablecoins, backed by secondary assets, can maintain a relatively consistent value.
  • Maintain digital assets: You don’t need to have a bank account to hold stablecoins, just a digital wallet. Black Swan is compatible with any digital wallet.
  • Send money anywhere: it’s fast and easy to send money within and across borders without the threat that your money will lose value.
  • Earn Interest: You can deposit your digital currency into a crypto exchange and earn competitive interest rates (typically higher rates than what a bank would offer).

The Future of Stablecoins

What is Black Swan Bitcoin?

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Black Swan Bitcoin

We strive to normalize bitcoin transactions for the masses. Visit blackswanbitcoin.com to learn more about us!