USDZ Capital Group Launches USDZ Stablecoin

High volatility is one of the major problems of the cryptocurrency, which prevents it from becoming a full-fledged replacement for fiat money at this stage. Cryptocurrency quotes are unstable and can change dramatically in a short period of time. Such price jumps can be observed not only in the first cryptocurrency, but also in all other digital money. This prevents them from being used in everyday life. The creators of cryptocurrencies come up with different ways to solve the problem of volatility. One of them is stablecoins, the main feature of which is exchange rate stability.

Stablecoin is a cryptocurrency pegged to less volatile external assets such as official currencies, precious metals, or oil. The value of a stablecoin can also be pegged to other crypto-assets or fixed by algorithms. Stablecoins retain the same value as the underlying asset and are not subject to sharp price fluctuations. The general idea behind a stablecoin is to maintain a…