Stablecoins

Stablecoins are cryptocurrencies that are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar or the euro. This makes them more attractive to investors who are looking for a way to store value or make payments without the volatility of other cryptocurrencies.

Fiat-backed stablecoins are backed by reserves of fiat currency, typically held in a bank account. For example, Tether (USDT) is a fiat-backed stablecoin that is pegged to the US dollar. Each USDT is backed by one US dollar held in reserve.

Overall, stablecoins offer a number of potential benefits, but there are also some risks associated with them. Investors should carefully consider the risks and benefits before investing in stablecoins.

CAC will educate you on stablecoins and what options are available to you that are very low risk.