Stable coin has become one of the important application areas of blockchain.
The first application of blockchain technology is about cryptocurrency, and the background of stable currency is that cryptocurrency price fluctuations are huge, and a cryptocurrency with stable value is needed as an bridge to connect cryptocurrency and fiat currency. In 2014, the stable coin originator USDT was launched by Tether, the parent company formed cryptocurrency exchange Bitfinex, which opened the stable currency market ever since. In addition, the stable currency can effectively eliminate the risk of price volatility, as a payment tool, it can provide faster transfer efficiency and better user experience than the bank, and can eliminate credit card fees…
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