Stablecoins are cryptocurrencies made to be worth the same as a traditional currency. USDT and USDC aim to be worth 1 dollar each.
Why use them
- They move dollars over the internet, at any time, including on weekends.
- They don't have the strong variation of coins like BTC or ETH.
Cautions
- The stablecoin is issued by a company. Use the best-known ones.
- The same stablecoin exists on multiple networks. When sending, the network must match.
What about BTC?
BTC is not a stablecoin: the price goes up and down. It can appreciate, but it can also drop a lot in a short time.
Summary
- USDT and USDC aim to be worth 1 dollar each.
- BTC and other coins vary in price; stablecoins should not vary.