Stablecoins: What are they and how do they work?

Diversification: one of the basic principles of investing that reduces portfolio risk. A stable portfolio can protect your bottom line when you build a cryptocurrency portfolio, and this is something that can be done simply by using "stablecoins". Stablecoins are an attempt to create a cryptocurrency that isn’t volatile. A stablecoin’s value is pegged to a real-world currency, also known as fiat currency. In this episode of Crypto Current, host Srijan Bharadwaj explains what stablecoins are, how they work, what their benefits are, and how they can be used.