{"id":1742,"date":"2021-10-09T17:10:36","date_gmt":"2021-10-09T16:10:36","guid":{"rendered":"https:\/\/ajooda.ch\/en\/?p=1742"},"modified":"2022-10-03T16:26:01","modified_gmt":"2022-10-03T15:26:01","slug":"what-are-stablecoins","status":"publish","type":"post","link":"https:\/\/ajooda.ch\/en\/what-are-stablecoins\/","title":{"rendered":"What are Stablecoins?"},"content":{"rendered":"\n
When you\nhear cryptocurrencies, you probably think of Bitcoin, Ethereum, Cardano,\nLitecoin or the like instead of stablecoins.<\/p>\n\n\n\n
But in the\nworld of cryptocurrencies, these particular coins perform an important\nfunction.<\/p>\n\n\n\n
The world\nof cryptocurrencies is characterised by strong fluctuations due to political\nand economic influences. Well-known figures like Elon Musk, for example, have\ncaused the Bitcoin to either shoot up or plummet through simple tweets.<\/p>\n\n\n\n
An\ninteresting phenomenon is that the prices of altcoins (Ethereum, Cardano,\nAlgorand, etc.) often follow the direction of Bitcoin.<\/p>\n\n\n\n