Stablecoins and Their Impact on Global Financial Inclusion
Stablecoins are designed to minimize the volatility associated with traditional cryptocurrencies.
![Impact of stablecoins on financial system](/en/content/images/size/w512h512/format/webp/2024/07/26.07.jpg)
Stablecoins are designed to minimize the volatility associated with traditional cryptocurrencies.
Proof of ownership refers to the mechanisms and technologies that demonstrate an individual's control over a particular digital asset.
Phishing is fraudulent attempts to obtain sensitive information, such as private keys, wallet passwords, or other credentials, by pretending to be trustworthy in electronic communications.
Over-the-counter (OTC) trading in cryptocurrency is a method of trading digital currencies directly between two parties, outside of regular exchanges.
Node refers to any device, such as a computer, that participates in the blockchain network.
Polygon is an Ethereum Layer 2 scaling solution that has gained substantial popularity.
Stablecoins maintain a stable value. They achieve this by pegging their value to more stable assets such as fiat currencies, commodities, or a basket of assets.
Stablecoins maintain a stable value, often pegged to a fiat currency or a basket of assets. This stability makes them particularly appealing for various financial applications, including banking.
SOL is the native cryptocurrency of the Solana blockchain, a high-performance decentralized network designed to enable scalable and user-friendly applications.
Crypto swaps are a fundamental aspect of the cryptocurrency ecosystem, providing users with the ability to easily exchange one cryptocurrency for another.