Stablecoins are a type of cryptocurrency that are designed to maintain a stable value relative to a specific asset, typically a fiat currency (regular money) like the US dollar. This stability is achieved by backing the stablecoin with reserves of regular money or by using algorithmic mechanisms to adjust the supply of the stablecoin in response to market demand.

Unlike other cryptocurrencies such as Bitcoin or Ethereum, whose values can fluctuate wildly based on market demand, stablecoins are intended to provide users with a reliable store of value and a means of exchange that is less volatile than traditional cryptocurrencies. Some popular examples of stablecoins include Tether (USDT), USD Coin (USDC), Dai (DAI), and TrueUSD (TUSD). Stablecoins can be kept in crypto wallets like Trust Wallet and Truzact.

To simplify, stablecoins like the very popular USDT, when kept in a cypto wallet like Truzact, enables you to store money in US Dollar equivalent. If you have 100 USDT stored in a crypto wallet, you have the equivalent of $100. If someone sent you 200 USDT, you received $200. You can exchange it for regular money on popular crypto exachanges like Binance, Coinbase etc. USDT can also be used for buying things and some people even earn salaries in USDT.

You can earn USDT from:

1. Profits earned as a crypto trader,
2. Getting paid in USDT when you get a job in the crypto space.
3. Accepting payments for your services or items you sell in USDT

But to be able to send, receive, spend and even invest your stablecoins, you need a crypto wallet. The wallet serves as your own personal bank gives you full control over your money. To send or receive stablecoins like USDT, all you need to do is to have a wallet address, which works like an account number. Truzact is a great example of a secure personal crypto bank. You can setup your account for FREE and get your wallet address instantly. You can also invest stablecoins to get returns of up to 15% annually. It is available for download on Google PlayStore and Apple Store.

For those who do not know how to uncover hidden tokens in their wallets


https://www.youtube.com/watch?v=Qi1PRUH3PM4