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?



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Black Swan Bitcoin

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