Sense

Learning Crypto with /sense 

What important role do stablecoins play in the crypto space ? 

Stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to a reserve asset like a fiat currency.

Crypto is a wild roller coaster.
Stablecoins are the seatbelt, they protect your money’s value.

Easy Global Payments
You can send a stablecoin to someone in another country instantly, without banks, and they’ll know exactly what it’s worth.

Used for Trading
Traders often sell crypto for stablecoins (instead of cashing out to a bank) to lock in profits or avoid losses.

No Bank Account Needed
In some places, people don’t have access to banks but they can use stablecoins to store and spend money securely on their phone.

Foundation for Crypto Apps
Many apps in the crypto world (like DeFi, lending, borrowing) rely on stablecoins to work smoothly.

Stablecoins = The "dollars" of crypto.
They let people use crypto without worrying about wild price changes.

New motto thanks to @girl-ua

Crypto Quiz with /sense 

Stablecoins hold a stable value by _______________ ?

A - Being used in everyday transactions in Defi

B - Being pegged to a reserve asset like fiat currency or a commodity 

C - Being backed by PayPal

Hodler exploring web3. Solana airdrop farmer, bitcoin solo miner, Helium network miner, and Medium blogger. Sense channel mod.

Community Moderator//web3 female crypto enthusiast//writer//relationship advisor//life coach