Stablecoins Explained: Savings & Trading Guide — Full Breakdown & Transcript

[00:04] Greetings. Hope you are well. topic and the name of this topic is what are stable coins? How can we benefit from them? How can you use them in trading, financial management or your

[00:17] And a little disclosure here: today's educational video is sponsored by Binance. And now we will learn how you can benefit from stable coins using the Binance platform. Let me tell you one more thing here.

[00:31] one is giving you any prediction about the prices. You are just being educated about how important stable coins are in our lives. not yet signed up for a Binance account, then brother, sign up for a Binance account. Please verify it.

[00:46] Because after the topic we are going to cover today , your way of thinking is going to be completely different. So signing up an account is not difficult. Go sign up for an account now and when you come back after signing up for an account,

[00:59] I will tell you how to benefit from stable coins. What is a stable coin? Basically, stable coin is a coin in which we do buying and selling of crypto. In simple words, you might have heard the name USDT. You must have

[01:11] heard the name of USDC. These are basically stable coins that are used to buy or sell any crypto. Now you will say that Sir why is it so expensive? Brother, you can imagine their importance from the fact that in the beginning

[01:25] their adoption was not considered so important. But if I tell you about the present, there has been an But if I tell you about the present, there has been an Only within the Mina region. The adoption of stable coins is happening very fast within the Mina region.

[01:40] And if I talk about Binance Earn here, it has increased from 5.53% to 11.21% within the Mina region itself. 11.21% within the Mina region itself.

[01:53] but are also taking advantage of the Binance Earn feature. Binance Earn: We have already made a video on this. You can go and see it and get information from it. Apart from this, if I talk only about balances, how much people hold, then in that

[02:05] too there has been an increase of more than 100% only in Meena region. If I talk about the whole world, its adoption is happening very fast. If I talk about the total stable coins on the Binance platform, then

[02:19] approximately 60% of them are held by people inside Binance Earn. The reason for this is that they also generate a fixed income from there. And if I talk about the users of Binance Earn, then at present there are more than 14 million users.

[02:32] Only for Binance Earn. I am not talking about Binance overall. And if I talk about Binance globally, then more than half of the savings or holdings of 30% of Binance Global users are currently Global users are currently

[02:47] suggests, are stable coins and you do not see much fluctuation in them. Now here we have to see what benefits we are going to get from stable coins. Brother, the biggest benefit of stable coin is that many people who used to

[02:59] save money in their local currency, for example, in PKR, in Indian Rupees or in any other currency, if in Bangladesh, then they used to save in the Taka used there. But due to increase in the price of dollar, the

[03:11] currency used to depreciate. So what the smart people I just mentioned in the video did was they invested their holdings in stable coins. Meaning, stable coins are almost in line with the price of

[03:23] stable coins in US dollars. do? They used to invest their monthly savings in stable coins deposit it in Binance Earn and there they used to get a fixed profit like they used to deposit in banks

[03:37] Well, let me give one more small disclaimer here. Being a Muslim, I do not think it is good that you deposit your amount in fixed deposits anywhere and take advantage of the profit that comes from there or

[03:49] living by working hard and invest properly in some business. Instead of getting it or inside Binance Earn. Yes, Binance also offers Sharia compliance. If you use that feature then you should do it and there is

[04:05] no real issue in it. Now stable coins not only help you in using them in trading. Meaning you have to buy or sell any crypto. You have to do your financial planning, asset building, savings.

[04:17] Whatever you want to do, you can do it within these stable coins. These are trustworthy. It is not like the price of BTC went up a lot , then went down. Their price does not fluctuate. They are related to the dollar and they move along with the dollar.

[04:30] Even now, if you go to any platform and search for the prices of stable coins or look at their graphs, you will You will get an almost straight line. On the contrary, many people who do business with crypto currencies

[04:45] definitely buy crypto currencies thinking that if their price goes up, held by people who hold them from a savings point of view or means that friend, I have kept this. This should remain the same. It should neither be less than this nor

[04:59] more than this. Because it is a stable coin. Now what can you buy with stable coins that Sir, we have created a Binance account. Now if we want to buy or sell any crypto, necessary that you should have a stable coin. USDT or USDC. Now then

[05:12] what people say is that friend, take this cash Rupees from me and give me USDT. So by doing this Apart from this, the option of P2P is also available on the Binance platform. But in some cases it has not matured much yet. There are a lot of scams out there too.

[05:26] So it is better that you give money to a friend and take USDT from him. So I hope that today's video that we are making now, your concept would have become clear that what are USDT, USDC or these stable coins

[05:40] ? And the reason why it is so important that so many people are either saving it or investing it in Binance Earn is Hope you understand things.

[05:57] in the next video. Till then take great care of yourself. Long live Pakistan.