How to Trade Stablecoins Safely on Hotbit
Strategies

How to Trade Stablecoins Safely on Hotbit

The supply and overall volume of stablecoins has been on the rise recently — even more so with the newly found interest in digital currency of the U.S government. Earlier this year, the Federal Reserve announced that it was considering issuing its own digital currency. Federal banks have already been authorized to hold stablecoins in bank reserves. Who knows if a stablecoin called Fedcoin is coming on the way? Similarly, the European Central Bank might seriously study the possibilities of the digital euro by mid-2021 as well as ways to integrate it into the current Eurosystem. If a final decision is to take place by the governments, stablecoins are expected to boost the spread and efficiency of e-commerce and potentially reshape the current economy. Read on to discover why stablecoins are gaining so much attention, and how you can start trading stablecoins on Hotbit.