Why did crypto creators establish stable coins??

[greenie]

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities (such as precious metals or industrial metals).

 

[Lens]

The stablecoin coin becomes more necessary because of the volatility seen with Cryptocurrency. This will shield your funds from diminishing due to the high volatility in cryptocurrency.

 

[Ononivami]

The stablecoin is like a precautionary measure towards making use of the digital assets without much fluctuations. The assets kept in the volatile version could dwindle .

 

[Popular]

Stable coins are made to help investors to avoid loses which might result due to price fluctuations which are caused by various financial events.

 

[HayKay]

Stable coins from my understanding are somewhat of a reserve that matches the value of the USD. So when there's issue with the main currency, investors wouldn't be so shaken because they're aware of the reserve they have already.
I might be wrong though.

 

[Sincerem]

Stablecoin has a greater advantage. People that save their money on stablecoin will not have depreciation like a lot of people who are investing in volatile cryptocurrency are having now , most especially this bearish season.

 

[tyrim88]

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities (such as precious metals or industrial metals).

One of the reasons the creators of stable coin like usdt,usdc are because it is a safe heaven to keep your assets and investment to prevent it from depriciating and that is quit good because the market cannnot be all rosy all the time.

 

[Shigobad2020]

The crypto currency coin creator established stable coin as a precautionary method mainly because of the fluctuation of the crypto currency market so as not to affect the stable coin .