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A Comprehensive Stablecoins For Beginners Guide.. A stablecoin is a type of cryptocurrency designed to minimize the price volatility of the coin. The most common way to do this is to peg the stablecoin to a stable asset, such as gold or the US dollar. Stablecoins are a popular choice for crypto traders and investors who want to avoid the volatility of the crypto markets. They are also used as a medium of exchange and a store of value on decentralized exchanges (DEXes), where they can be traded for other cryptocurrencies.

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As the crypto industry matures, we see more businesses and platforms implementing know-your-customer (KYC) procedures. But what exactly is KYC, and how does it work in Crypto?

This article will look at the KYC process and how it works in the crypto industry. We will also explore the benefits and crypto exchange platforms. So, read on if you want to know more about KYC in the crypto space!

If you are new to cryptocurrency, you may have heard of the term “DeFi” or “decentralized finance.” DeFi is a crypto movement built on the Ethereum blockchain and enables users to interact with decentralized applications (dApps) without the need for a central authority.

Since defi is still a relatively new concept, it is no surprise that there are several scams in the space. In this article, we will identify and explain the most common types of defi scams, how they operate and protect yourself so that you can be vigilant and avoid them.