It could be disturbing to think about real cryptocurrency being mere computer codes without having real value. Thing is, almost all real coins and bills are the same as well. stable coin
Confused? Yes, bills and coins don’t have real value, aside from the one being imprinted on them, thus making them fiat money or cash which don’t have actual value.
Fortunately, there are monetary systems that actually has real value, and stable coin backed by gold is one of those.
What are Stablecoins and what Makes them Revolutionary
Fiat money are cash that merely rely on the trust of people to use them, but does not possess real value. Say, the materials composing a single $100-bill doesn’t really worth $100, but its indicated value dictates its worth.
The problem of such kind of fiat money is it loses value through time.
On the other hand, stablecoin, like the cryptos of Kinesis, has real value because of real assets backing them up. Gold and silver are good examples of these assets, which are things that have defined market value. Click here KINESIS
Stable Value with Minimum Volatility
Its stable value is the main advantage stable coin can offer, especially if you’d choose one that is backed by precious metals. Unlike other cryptocurrencies, its value does not easily rise or drop in a blink, as its value relies on its worth to the allocated physical gold and silver in the reserve.
Moreover, its value will stick for a long time, unlike common fiat money including almost all bills and coins. After all, you can be sure that gold and silver won’t deflate its value in the future, instead, you can expect it to steadily rise slowly through time.
Thing is, you have to choose the right stablecoin to invest, for you to make sure of your gold in the reserve. You can click here for more info, and know one of the best cryptos backed by gold or silver.
Security, Convenience and Efficiency of Crypto-related Technology
Remember that stable coin is a kind of cryptocurrency that runs on the blockchain, and uses crypto wallet for easy storage and spending.
This means you can experience the perks of cryptocurrencies through crypto backed by gold, without worrying about big monsters like volatility.
It could let you pay for any products or services, exchange to other currencies and do some other transactions without hassles. Moreover, you don’t have to worry about your stablecoins being lost, simply because of the highly encrypted nature of the blockchain which is almost impossible to break.
Every transaction will be recorded as well, thus you can clearly see the tracks of your gold coins.
You see? Stablecoin backed by real physical gold is definitely revolutionary!
It can help you enjoy the perks of cryptocurrencies, especially in running your gold coins through the blockchain. Then, you don’t have to worry about the downside of cryptos because of the gold backing your coins.
If you want to know more about this fantastic monetary system, you can check out https://kinesis.money/en/guides/cryptocurrency-stablecoin-guide/. Also more about a reliable stablecoin backed by gold, which you can easily buy online.