What Are Stablecoins, and Are They Safer than Bitcoin?

In 2010, two Papa John’s pizzas cost 10,000 Bitcoins – around 41 US dollars. Today, a $41 purchase would cost just a tiny fraction of one Bitcoin (0.0390 as of August 2019), and 10,000 bitcoins might be worth well over 100 million dollars (or well under, depending on the day). Holding your money in cryptocurrency can be a real rollercoaster, which is why stablecoins have gotten increasingly popular over the last several years. Stablecoins are cryptocurrencies designed specifically to prevent big changes in their value, usually by tying themselves to another asset, like the U.S dollar… Read more