Why use stablecoins?
Stablecoins are digital currencies designed to maintain a stable value, usually pegged to a fiat currency like the US dollar. ebioro uses USDC on the Stellar network, which combines stability with fast and low-cost transactions. Benefits of using stablecoins like USDC on ebioro: Stable value: Unlike other cryptocurrencies, stablecoins are not highly volatile, making them ideal for everyday transactions. Fast and low-cost transactions: StFew readersWhat is the difference between stable coins and other cryptocurrencies?
Traditional cryptocurrencies, like Bitcoin or Ethereum, can experience high price volatility, meaning their value can change significantly over short periods of time. They are often treated more like investments than as a medium of exchange. Stablecoins, on the other hand, are digital assets designed to maintain a stable value, usually pegged to a fiat currency like the US dollar. ebioro uses USDC on the Stellar network, combining stability with fast and low-cost transactionFew readersWhat is the blockchain?
A blockchain is a digital, decentralized ledger that records transactions across a network of computers. Each transaction is grouped into a "block," which is linked to the previous block, forming a secure and unchangeable chain. How ebioro uses blockchain: Decentralized control: Transactions happen without a central authority, giving you more control over your funds. Transparency and security: Every transaction is recorded on the Stellar blockchain, making itFew readersWhat are stable cryptocurrencies?
Stable cryptocurrencies (or stablecoins) are digital assets designed to maintain a stable value by being pegged to a reserve asset, such as the US dollar (USD), euro (EUR), or even commodities like gold. Unlike traditional cryptocurrencies (such as Bitcoin or Ethereum), which can have high price volatility, stablecoins are created to minimize fluctuations and make everyday transactions more predictable. They are commonly used for: Sending and receiving money without wFew readers