A stablecoin is a cryptocurrency designed to maintain a stable value by being pegged to a fiat currency such as the euro, US dollar or pound sterling. Unlike other cryptocurrencies, which can be highly volatile, stablecoins seek to reduce this volatility by ensuring a stable correspondence between the value of a stablecoin and the reference asset (for example, 1 stablecoin = 1 U.S. dollar).
There are several types of stablecoin, each relying on different equilibrium mechanisms to maintain this stability. The common objective of all stablecoins is to provide reduced volatility. The major advantage of stablecoins is that they enable users to retain the value of their assets without having to go back to a traditional fiat currency, while remaining on the blockchain. By combining the stability of fiat currencies with the technological advantages of blockchain, such as reduced fees, increased speed of execution or traceability, stablecoins offer an attractive solution for many users.
On Paymium, it is possible to convert one's bitcoins (BTC) or euros into stablecoin USDC or EURCV.
Here's how to proceed:
In the "Convert" tab, select the asset you wish to exchange.
Choose "USDC" or "EURCV" in the next field.
Please note that, for the time being, USDC withdrawals are not yet available on Paymium.
