Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between...
Stable coins are cryptocurrencies with a low price-volatility. Stable coin creators peg them to a stable asset such as a fiat currency. And this relative stability makes them suitable for everyday transactions as a medium of exchange as well as a store of value. So, stable coins play an important role in decentralized finance applications and also serve as Central Bank Digital Currencies.
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