The Thing About Stablecoins …

You may think you know, but you have no idea 😜 We are breaking down how to invest in crypto — without the volatility.

WHAT’S A STABLECOIN 🔮

A stablecoin is a cryptocurrency that is pegged to a fiat current (such as the US dollar or British pound) OR a commodity (such as gold or oil.) A stablecoin offers a different type of investment opportunity than a traditional cryptocurrency coin or token — as it is backed by a reserve asset which offers greater price stability.

Popular stablecoins backed by USD include $GUSD (Gemini dollar) $USDC (USD coin), $USDT (Tether), $DAI (Maker Dai) and $PAX (Paxos Standard).

HOW TO MAKE THE MOST OUT OF YOUR STABLECOIN HOLDINGS — STAKING

Staking is a way to earn passive income on your crypto and also support the cryptocurrency you’re invested in. Staking is the process used to verify cryptocurrency transactions for proof-of-stake coins and tokens. Essentially, investors ‘lock’ their holdings to an exchange to receive rewards or earn interest. (Not all cryptocurrency can be staked but proof-of-stake stablecoins and non-stable coins can.)

The process itself is simple. You can stake your crypto with a few clicks of a button through many popular cryptocurrency exchanges — both…