Lesson 9 of 1,000 · Understanding Crypto Quickly
#9 Comparing Cryptocurrencies, A 'Stable Coins Vs Non-Stable Coins' Case-Study
Why some coins hold $1 and others swing 20% a day, and when each is the right tool. Master this and you avoid a lot of pain.
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Key ideas
- Why some coins hold $1 and others swing 20% a day, and when each is the right tool.
- Master this and you avoid a lot of pain.
Do it now
- UnlockTurn stablecoins into local money through a regulated on-ramp or P2P deskLocal stablecoin apps and P2P marketplaces match your USDT or USDC with someone who pays you in local currency by bank or mobile money, with the coins held in escrow until you confirm.
- UnlockGive your fans a coin that unlocks the real stuffAudius lets verified artists launch an Artist Coin on Solana. Holders unlock exclusive tracks and chats, and the artist earns from trading fees.
- UnlockEarn a savings rate on dollarsDeposit USDS into the Sky Savings Rate and receive sUSDS, which grows at a rate Sky governance sets.
- SolutionReceive money from abroad without a bank accountA free wallet on your phone can receive dollars from anywhere as USDC, usually in minutes, with no bank account behind it. Hold the dollars, then sell only what you need through a licensed local ramp or an escrowed P2P desk, or spend straight from a stablecoin card such as Tria where it is offered. Skip these: unescrowed P2P trades and anyone who asks for your recovery phrase.