Getting to Know The Investment of Crypto Stablecoin Assets Called Minimal Risk

in blurtcrypto •  3 years ago 

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Various choices in making investments are mushrooming in today's digital era. Starting from investing by saving in the bank, buying gold, to capital market instruments such as stocks. In addition, there is also an alternative new investment option that is being discussed, namely cryptocurrency.

Crypto assets such as Bitcoin, Ethereum, and other crypto assets are the choice to make investments in various parts of the world. Because, these crypto assets are known for their price volatility. But keep in mind, there are some crypto assets known as stablecoins that are designed to have value referring to certain commodity assets.

Stablecoins are crypto assets that are specifically designed to have the same value as certain assets. For example, the U.S. dollar currency, or other commodities such as gold.

Simply put, stablecoins as crypto currencies that bridge crypto assets with certain commodities. So it can offer a relatively stable price because it is supported by reserve assets.

Chief Marketing Officer Timothius Martin explained, stablecoins have various advantages such as allowing their owners to be able to transfer crypto assets cheaply and quickly around the world like other crypto assets.

"In the world of cryptocurrency there are two stablecoins that can be called pioneers, namely Tether and USDC. Tether or USDT itself is one of the pioneers of stablecoins launched in 2014. Every USDT released will be guaranteed with the same U.S. dollar reserve amount," Timothius was quoted as saying on Thursday, February 10, 2022.

He explained, this stablecoin basically combines the advantages that crypto assets and fiat currencies or real assets have. With fast transaction processing as well as maintaining the security or privacy that crypto assets have, and the value that fiat currencies or native assets have. "Currently, USDT is one of the most popular stablecoins by market capitalization.

USDC launched in 2018 is a stablecoin jointly managed by cryptocurrency companies Circle and Coinbase. The value of USDC is comparable to 1:1 to the US dollar and is the second largest stablecoin by market capitalization."

Timo added, for beginners who want to start investing in crypto assets, stablecoins can be the first step in investing. Because, it has a smaller risk of volatility, while equipping yourself with more information about various crypto projects that you want to invest in.

"For beginners who are still in the process of introducing in the cryptocurrency world, stablecoins such as USDT or USDC could be an option," he added. He pointed out, on the Crypto Asset Trading Platform Pintu, new investors can also take advantage of the Door Earn feature that will give interest bonuses every hour against stored stablecoins.

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