Crypto is a new world for many, full of challenges and intellectual challenges to reach the formula for success, something that can be somewhat complex and requires time to master.
However, there is an entry channel to this complex and novel world of opportunities without having to complicate understanding algorithmic workings or other sophisticated functions, we are talking about stable coins.
As its name indicates, a stable currency is one that eliminates volatility or variation in its value with respect to a current currency or legal tender, in this case, the most popular ones have parity with the U.S. dollar.
And yes, they are equal to 1 dollar.
Does this mean that I can have my capital protected on the network and in digital dollars?
Yes, even more safely than being in a bank as such, thanks to the benefits of technology, making transactions with digital dollars is much simpler than sending a bank transfer, much faster and much less expensive.
Blockchain has brought with it the answer to thousands of problems that the financial sector has not wanted to solve for decades.
It should be noted that there are currently many stable coins, it is up to your own research to determine which one is ideal for what you need.
In EFY Finance you will not only be able to safely store your capital in stablecoins, you will also be able to generate returns if you decide to make fixed term investments that will be collateralized with debt assets in the real world.
If you want to know more, visit the following link: https://docs.efy.finance
Stablecoins (Assets) supported by EFY Finance: USDT, USDC, BUSD and DAI.
Remember to make responsible use of your capital when you want to invest!
