How Do Stablecoins Compound Your Revenue? Roughly around 5.8 million people use cryptocurrencies all around the world. However, every single crypto trader faces the risk of price fluctuation (or) volatility, every day. In 2014, bitcoin's price spiked from $444 to $612 in just a month. Thus, volatility is one of the reasons why retail stores refuse to accept payments in cryptocurrencies.
This risk of losing out funds is sorted by the emerging stablecoins, which peg the value of any underlying asset (or) commodity to the cryptocurrency thus making it immune against heavy price fluctuations. This is considered a good medium for crypto traders to store funds and the best possible currency for common people to facilitate cross-border payments and other local transactions at a minimized cost. Considering all such impossible benefits, stablecoin is deemed to be the hope of the crypto business model. Here are the major modes through which stablecoins generate income for your business. Transaction Fee