What Stablecoins are used for

With a lot of volatility in cryptocurrencies, there is a need for a calm place to store your investment when you redeploy your capital or just trade in and out of investments. For non-HODLers this could mean trying to time the market and selling some assets at the top or buying when a dip occurs. To do this you have two options: buy fiat currency such as USD or EUR, or convert your crypto into a stablecoin pegged to a fiat currency. But

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