With cryptocurrencies, you can perceive a profit from the crypto asset itself. For example, in the last 90 days the Bitcoin went over the line of $ 4,500 and exceeded that of $ 9,500, great ...
But, just as they can go up, cryptocurrencies can also plummet. Recall that Bitcoin reached its maximum rage at $ 20,000. To combat this volatility, there are "stablecoins", cryptos that maintain a fixed price tied to an asset, such as the US dollar. One of those stablecoins that is trading one-on-one with the dollar is Dai, developed by Maker>, "the first stable and decentralized currency based on the Ethereum Blockchain"
The peculiarity is that it is a currency with all the properties of a cryptocurrency, such as being resistant to censorship, decentralized, without an issuing entity, programmable and transferable from person to person, but without the volatility that characterizes the rest of the other currencies, like Bitcoin or Ethereum. We are seeing full steam growth in the environment. For example Compound.Finance an app created on Dai for loans, in 6 months it went from zero to more than 150 million Dai or dollars in loans and interest.
So, when the market is down, it is advisable to take refuge in stablecoins and not lose money, ?of course they can also be used in economies where the currency is constantly devalued and you cannot have easy access to a strong currency such as the dollar. .
