Why Invest in Silver?  

It’s been estimated that humans have been storing part of their wealth in silver for over 4000 years. As an investment, Silver supplies an important hard asset that has held value for millennia. In recent years, the demand for industrial Silver has grown significantly, adding to the value that investors attach to it. Silver is used extensively in jewelry making, in the production of chemicals and photovoltaic cells, and in cell phone production. It’s practical use and limited supply are part of the attraction for investors.

With emerging markets fast becoming digitized, the need for physical silver to use in making cell phones is rapidly increasing. Higher demand normally produces a higher value placement or price, and this demand appears to have a strong future.

What Are Stablecoins?
A stablecoin is a digital currency that, like other cryptocurrencies, uses cryptography and blockchain technology to enable peer-to-peer trading with a high level of security in markets that run 24/7.

But what sets stablecoins apart is that they are backed 1:1 by another asset that is held in reserve, usually a fiat currency like USD or a basket of assets that includes a mix of fiat and crypto.

Because the coin is backed by a more stable asset with less price volatility, it appeals to investors who want to diversify with cryptocurrencies but who also want a lower risk asset.

Today’s most prominent fiat-backed stablecoin is USDT/Tether, which has a current 7-day trading volume of over $52 billion, which is far more than any other cryptocurrency, including Bitcoin and Ethereum.

Now that you have an idea of why people invest in Silver and stablecoins, let’s put it all together and find out why Silver-backed stablecoins are so appealing in today’s volatile markets.

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