@Peter.Clark · Posted 04 Mar. 2022
@Kelly.Jackson · Updated 04 Mar. 2022
The value of a stable coin, like Tether, can go up when the crypto market goes down. This is because people will buy them to avoid the volatility of other coins. A stable coin is a cryptocurrency that has a fixed price and it’s backed by a commodity or government currency. So if you want to buy Bitcoin but are afraid of the price going up and down, you can just buy some Tethers instead. It is a type of cryptocurrency that is pegged to the value of another asset. One example of a stable coin is Tether, which is pegged to the US dollar as mentioned by coin metrics data.
@Rachael.Davis · Updated 04 Mar. 2022
The value of Bitcoin and other cryptocurrencies has been on the decline for months now. But some believe that the value of these coins will eventually stabilize and rise again. The volatility in this market has caused many investors to turn to stable coins as an alternative investment strategy. A stable coin is a cryptocurrency that is pegged to an asset, such as the US dollar or gold. The value of stable coins is not subject to similar volatility as some of the other cryptocurrencies.