Top 5 Stablecoins for First-Time Crypto Investors

Top 5 Stablecoins for First-Time Crypto Investors

While the crypto market is infamous for its volatility, stablecoins are a kind of cryptocurrencies that are linked to either stable fiat currency or exchange-traded commodities. Stablecoins are always preferred by new traders as it is considered a good stable investment that keeps them safe from the eye-watering volatility of the crypto markets.

Aside from that, stablecoins serve as a great enmeshment between the traditional financial system and the crypto market. So in general, people use stablecoins because it is regarded as a very reliable method of cashing out your crypto gains without having to go through the tedious banking procedures of the traditional financial system.

Normally, in times of bloodbaths like this bear market, crypto traders rely on stablecoins as an exodus from the crypto markets; however, the latest drama revolving around the algorithmic “stablecoin” UST called the entire concept of stablecoin into question to many not very noob traders. This article will discuss the top 5 USD-pegged stablecoins for new crypto investors that won’t take the infamous UST route.