Stable Asset also called Stable coin

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One very important thing that makes me appreciate the Crypto ecosystem, is that most topics are self explained. Using a simpler used definition i would say stable coin are asset pegged to an external asset for example the famous USDT is said to be pegged to a traditional fiat currency which is the US Dollar, This really helps the Crypto martet move successfully to a great era height. The stable coins is very important to the crypto ecosystem in general because it's used to perform a special skills like creating stability in the trading market.

if you are used to the market you would understand better. Using our day to day activities for example, in our different counties, town or nationality citizens uses fiat money like Naira, Euro, Yen, Dollar Or Pounds to trade and asa fixed value for the exchanges of goods and services in the market.

The main reason why they are used to stablize the crypto market is because they have been pegged to asset that also stabilize other market like the fiat market. ensure a stable price is because they are pinned or pegged to an external stable currency or asset,unlike other crypto asset stable coins are less volatile than other crypto assert like bitcon and tron.

In the summary i would say stablecoins were created to help create a structure in the crypto market, just imagine living in a nation where there are different fiat currencies, for example let me use the London as an example, just imagine some citizens of London scenario, the nation economy of the London would fail drastically because of the instability in the nation economy, This is same job stable coin work on steemit, they gives us a structure to work with.

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What are the most popular stablecoins?

In the crypto ecosystem there are so many powerful stablecoins in the crypto market, in fact, most project in the crypto ecosystem builds its own native stablecoins. For example, the as we all know the Steem Blockchain native stable coins is SBD Steem Backed Dolla and WWE all have been happy its back, while the Tron Blockchain native stable asset is called USDD. Even exchange like huboi htx same goes for exchanges like Binace developed the Binace USD.

Steem Backed Dollar (SBD)

Steem Backed Dollar (SBD) which is steem blockchain own stablecoinsa which was developed on steemit since its birth, although it lost it pegging to dollar we steemians are hoping to see it pick up it peg with dollar and never leave steemians lonely and scared. i said so because since its resurfacing everyone dpont want to miss it again.

USDD

This is another poweful stable coin that were developed recently, this coin rumored to be owned by a famous crypto Whale who happens to be the founder the tron Blockchain. His name is known as Justin Sun". just like sbd USDD has actually been facing issues with its pegging but the last time i went through it it had regained pegging to dollar.

USDT

As far as i am knowledge USDT is the one of the most accepted stable assert in the crypto market, it is not just famously but it is very stong and powerful. Its popularity came because of it success pegging despite so many external challages, infact it broke an existing data of older stable assert called Bit USD and Nubits, which were launched the same year as the first set of stable coins, so therefore its one of the oldest and powerful asset.