What is a stablecoin? Our next video explains the popular crypto investment, stablecoins. The film answers some fundamental questions like - what is stablecoin, types of stablecoin and the purpose of stablecoins.  Stablecoins are cryptocurrencies that are pegged to the value of another currency, commodity or financial instrument. They aim to provide an alternative to the high volatility of the most popular cryptocurrencies and are deemed more suitable for wide use in transactions. Stablecoin stability in price is achieved by maintaining reserve assets as collateral or through algorithmic formulas that are supposed to control supply. There are three stablecoin types based on the mechanism used to stabilize their value. You can watch our full video on stablecoin explained!

https://www.youtube.com/watch?v=eYGaUqJlD0Y&feature=emb_imp_woyt