Stablecoins are cryptocurrencies that remain relatively steady in price, making them an ideal tool for digital transactions. Bitcoin’s value, for example, is prone to drastic change due to market fluctuations, which can make it difficult for merchants accepting bitcoin payments not to lose money (due to fluctuations in fiat currency value) if they don’t immediately convert bitcoin into fiat currency. This makes Stablecoins appealing to both merchants and consumers who want to avoid cryptocurrency volatility. There are several types of Stablecoin options available in Uphold login; however, each has its pros and cons: fiat-collateralized Stablecoins, crypto-collateralized Stablecoins, and non-collateralized IOU coins and centrally banked coins. Some have regulatory backing or have become tied to physical assets like gold or silver, while others aren’t backed by anything other than their blockchain technology. But there are more differences among Stablecoins than just those listed above. For more information about what kinds of Stablecoins exist and how you can use them, check out the guide. And if you’re looking to learn more about buying and selling your favourite currencies on Uphold login, take a look at our latest post, which will tell you everything you need to know about how to do so.