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Surprising things to Know about Blockchain Transactions with Stablecoins

2018 has seen a huge increase in stablecoin projects as everyone seems to be using it on ERC standards in better variants with the popular process of blockchain transactions with stablecoins. The best part of this process is that it helps you get a better mainframe on how you use the digital currency with better prospects. Today, it is required for people to see how peer to peer transactions can be a better mainframe to get closer to the use of stablecoins that's used to get closer with the digital currencies of impact.

What do you need to keep in mind about Stablecoins?

Stablecoins are digital currencies that are pegged to an asset that has a stable value, such as gold or fiat money (USD). For example, Tether (USDT) is a stablecoin designed to be pegged to $1USD for each of its coins. How it does, this depends on the stablecoin’s design with the use of blockchain transactions with stablecoins.

The Volatility in the Crypto Market

People realize that if they wish to use crypto as a way of transferring money or purchasing goods, it is not possible if the value of the underlying crypto is so volatile that it can be used for blockchain transactions with stablecoins. Somewhere it may happen that an online shop owner won’t want to receive money in crypto to then realize it has dropped 10% in a day, which would hurt their profits. So a more stable form of crypto was needed to stabilize and look into.

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The Rise in Non-Fiat Crypto Exchanges and Tether (USDT)

Anyone that works in finance would know that to make a deposit and work with USD brings about a lot of regulations and headaches. Hence when new non-fiat based crypto exchanges popped up such as Binance, they quickly grew in popularity as account opening was much more simple. As a result, investors/traders needed a stable medium to trade their cryptos, and at the time, there was only USDT leading to its remarkable growth. This was evidence that there was a demand for stablecoins from the community.

Successful Asset Raise of Basis

In April 2018, the digital currency startup Basis successfully raised $133M funding from top venture capitalists when they did not have a working product at the time. This definitely got people’s attention and proved that not only was their community demand, but also knowledgeable investors were interested in this space as well.

All in all, if you, as a user, are looking to gather more information on blockchain transactions with stablecoins online, feel free to connect EURST website. Based in the USA, they stand as one of the top web portals to seek information on stablecoins that's developed on ERC standards.