Stablecoins Explained Simply

Stablecoins are a type of cryptocurrency that actually has an intrinsic value. That's because they're pegged to the U.S. dollar - generally. You give the issuer a dollar, and you get a stablecoin. But, what's the point of that? If a stablecoin is backed by the dollar, why not just use dollars? It's because stablecoins make it easier to transact on the blockchain. And it turns out to be a pretty lucrative business, similar to an insurance company. Today's video will teach you all about stablecoins, their purpose, and what to watch out for.

RESEARCH PIECES USED IN THIS VIDEO:
1. Bitcoin is Crashing and Burning: What Next?
https://www.nanalyze.com/2022/07/bitc...
2. Is Investing in Bitcoin a Safe Haven Like Gold?
https://www.nanalyze.com/2020/09/inve...
3. Why a Bitcoin Crash May Be Imminent
https://www.nanalyze.com/2021/12/bitc...
4. The Safest and Easiest Way to Invest in Bitcoin
https://www.nanalyze.com/2020/09/safe...

CHAPTERS:
00:00 Intro
01:32 One of the fastest growing segments in digital assets
02:37 What's a stablecoin?
03:46 Circle (CRCL) IPO
06:01 Stablecoin business model
08:13 Other use cases for stablecoins
09:42 A warning on stablecoins
10:37 Conclusion

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