Part 3/8:
Before exploring how to invest in gold using cryptocurrencies, it's essential to grasp the concept of stablecoins. As the name suggests, stablecoins are designed to maintain stability and can be pegged to a range of assets, including fiat currencies (like the US Dollar) or commodities (like gold).
Among the most recognized stablecoins in the market is Tether (USDT), which holds the third position among crypto assets by market cap. Each USDT token is theoretically backed by one US dollar held in reserve, whether in bank accounts or other stable assets. This mechanism alleviates the volatility traditionally associated with cryptocurrencies, allowing investors to park their funds securely while remaining within the crypto ecosystem.