Understanding BUSD – The USD-backed stablecoin

Cryptocurrencies, unstable coins, are highly volatile. The prices of digital coins depend on demand. Speculations about the future of the coins affect their demand hence prices. Therefore, digital currencies may experience a dramatic shift in prices. Bitcoin, for example, cracked a record $63,000 mark in April 2021 before dropping to less than $30,000 about three months later. This kind of volatility may be advantageous to few winners who trade shots. However, it may be disadvantageous to average traders and even those who would want to hold their coins.

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Balancer

Balancer is a multi-token automated market maker (AMM) that operates as a self-balancing weighted portfolio protocol, liquidity provider, and price sensor. Built on the Ethereum blockchain, Balancer allows users to create or add liquidity for multiple assets simultaneously to customizable pools. The users earn trading fees in form of Balancer’s native token Balancer token (BAL).

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