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Stablecoins action: Real -world use
In recent years, the cryptocurrency world has significantly increased innovation and adoption. One of the most interesting events is the emergence of Stablecoins, the value of digital currencies associated with Fiat currency such as US dollars. In this article, we will delve into the Stablecoins world and investigate cases of real -world use.
What is stable?
Stablecoins are a cryptocurrency that aims to maintain a stable value compared to the traditional Fiat currency. This is achieved by using advanced mathematical algorithms to ensure that the value of Stablecoin remains the value of the main currency it is linked. Stablecoins offers several benefits including:
* Lower volatility : maintaining stable value, stable value stable values reduce the risk associated with fluctuations in traditional cryptocurrency prices.
* Increased adoption : The use of stablecoins can increase adoption and basic acceptance of cryptocurrency as they are often more attractive due to their stability than other cryptocurrencies.
* Improved convenience : Stablecoins are often designed to make it easier to use with lower operation fees and faster billing time.
Cases of Real World Stablecoins
Stablecoins have many cases of real -world use in various industries. Here are some examples:
- Payments and Transfers
One of the most significant use of Stablecoins is in payment systems. Payment handlers, such as PayPal Stablecoin Paying System, are based on Stablecoin’s ability to accept cryptocurrencies as a form of payment without changing their business operations.
For example, Amazon, an online retail, cooperates with Paxos Standard to offer a payment option to its customers in India. This partnership allows Amazon customers in the country to pay for goods using Indian rupees, still receiving cryptocurrency payments.
- Investment and Trade
Stablecoins also used as a collateral for investment and trade purposes. Institutional investors, such as risk insurance funds and pension funds, use Stablecoins as safe assets to reduce the impact of their traditional currencies and market volatility.
For example, in Singapore, Stablecoin Exchange, SBI Token Exchange (STB), cooperates with several famous institutions, including Fidelity Investments to provide Stablecoin -backed investment products and services.
- supply chain Finance
Stablecoins are increasingly used in supply chain financing programs. Companies such as Walmart and Maersk are cooperating with Stablecoin payment handlers such as Bitpay and Ripple to reduce their dependence on traditional currencies of trade.
For example, Walmart cooperates with Bitpay to allow its customers to pay using a cryptocurrency that can later be resolved through the Paying System, which is fed by Stablecoin.
- risk insurance funds and alternative investments
Stablecoins also became popular in the risk insurance fund space where they are used as safe assets to reduce the impact of investors on traditional currencies and market volatility.
For example, Tethereum has developed a cryptocurrency called Terra (TRC), which is designed to use its risk insurance fund supply. TRC is linked to the US dollar and can be used as a collateral to trade assets with other investors.
Challenges and future changes
While in recent years, Stablecoins has shown a significant promise, they have also raised several challenges, including:
* Regulatory uncertainty : The Stablecoins regulatory environment is still evolving and it is still unclear how governments will regulate this new property.