All Posts Tagged “Stablecoins” | SwapSpace Blog

In recent years, there has been a growing interest in using cryptocurrency as a store of value against inflation. Inflation is the rate at which the general level of prices for goods and services rises. It can erode the purchasing power of traditional currency. Therefore, some have turned to cryptocurrency as a potential hedge against inflation.

Terra USD (previously known as UST but currently USTC) is a type of stablecoin that uses algorithms to maintain a stable value. In the spring of 2022, this stablecoin suffered a major decline. However, recent news of the founder Do Kwon's extradition from Montenegro has caused the value of Terra USD to surge by 400% in just three days . As of

Stablecoins are cryptocurrencies that are designed to have a stable value, unlike other coins whose values can fluctuate wildly. They are pegged to fiat currencies such as USD. This means that the price of a stablecoin will not change significantly in response to market movements. Stablecoins can be used as a store of value, a medium of exchang

What is Tether crypto? Tether (or USDT) is a stablecoin — a cryptocurrency that maintains a fixed value with relations to a high-value fiat currency, a crypto asset, or some commodity. A stablecoin maintains the relationship with which it was created, unlike other cryptocurrencies, whose volatility is practically in their nature. In Tether's