What Really is A Stablecoin, And How does it Work? 🤷🏻‍♂️ While scouring 🔍 through the WorkQuest website and Whitepaper, you may have come across STABLECOINS. For those familiar with the crypto industry, Stablecoins sound like a great idea. However, there are a few things to Note. Let's explore them 🗺. STABLECOINS 🪙 A cryptocurrency is typically used as a medium of exchange and not as a store of value. Unfortunately, a low market cap means that prices always fluctuate. Eg. Bitcoin's price. A smaller market cap equals a high level of volatility. Stablecoins were developed to combat this problem. Thus, a Stablecoin can be defined as any cryptocurrency pegged to a less volatile asset. TYPES OF STABLECOINS & FUNCTIONS Fiat-backed 💱 Crypto-backed. 💰 Commodity-backed (Gold, Oil) 💎 Read the full article here 👉https://bit.ly/3fYXnPv