A stablecoin is a cryptocurrency with a stable market price pegged to the price of another asset. In most cases, the price of a stablecoin is almost equal to that of the US dollar and should not experience significant fluctuations However, there’s no absolute guarantee of 1:1 equivalence. Still, stablecoins are a convenient way to store your funds online.
The main idea of stablecoins is to combine benefits of fiat currencies and cryptocurrencies. Stablecoins offer stability, increased transparency, and decentralization alongside fast transactions and low fees.
Currently, CEX.IO supports the USDT (Tether),USDC (United States Dollar Coin), GUSD (Gemini Dollar), DAI, TrueUSD (TUSD), mStable USD (mUSD), и Binance USD (BUSD) stablecoins. And this is not the whole list, as we are constantly adding more new coins.
You can deposit these coins to CEX.IO and use them for trading against other cryptocurrencies, or you can sell cryptocurrency for USDT or USDC and store these coins on your CEX.IO balance.