Ripple Stablecoin, RLUSD, To Launch Today
23 hours ago
Stablecoins are cryptocurrency tokens pegged to the value of a fiat currency. Projects such as Tether, Gemini Dollar, True USD, Stasis EURS, and bitEUR have tokenized fiat currencies and provide crypto traders access to these tokens. Stablecoins can be used to mitigate and hedge against negative price movement when trading cryptocurrencies without paying excessive exchange fees for closing a crypto position into fiat. More and more fiat currencies are getting their own stablecoin with every passing week, and local regions are beginning to accept stablecoins as a recognized form of payment.