JAKARTA - Currently, there are various options for investing, from investing by saving in a bank, buying gold, to capital market instruments such as stocks. However, recently there is a new alternative investment option that is being discussed, namely cryptocurrency.
Crypto assets such as Bitcoin, Ethereum, and other crypto assets are the choice for investing. These crypto assets are known for their price volatility, but there are some crypto assets known as stablecoins that are designed to have value referring to certain commodity assets.
Quoted from Pintu Academy, stablecoins are crypto assets that are specifically designed to have the same value as certain assets, for example the US dollar, or other commodities such as gold. In simple terms, stablecoins are crypto currencies that bridge crypto assets with certain commodities so that they can offer relatively stable prices because they are backed by reserve assets.
Stablecoins have various advantages such as allowing their owners to transfer crypto assets cheaply and quickly around the world like other crypto assets. This stablecoin basically combines the advantages of crypto assets and fiat currencies or native assets with fast transaction processing and maintaining the security or privacy of crypto assets, and the value of fiat currencies or real assets.
"In the cryptocurrency world, there are two stablecoins that can be called pioneers, namely Tether and USDC. Tether or USDT itself is one of the pioneer stablecoins that was launched in 2014. Each USDT released will be guaranteed with the same amount of US dollar reserves," said Chief Marketing. PINTU Officer Timothius Martin in his written statement, Saturday 12 February.
“Currently, USDT is one of the most popular stablecoins by market cap. As for USDC launched in 2018 it is a stablecoin jointly managed by cryptocurrency companies Circle and Coinbase. USDC is 1:1 in value to the US dollar and is the second largest stablecoin by capitalization market," he added.
Timo added, for beginners who want to start investing in crypto assets, stablecoins can be the first step to invest. For beginners who are still in the process of getting acquainted with the cryptocurrency world, stablecoins such as USDT or USDC can be an option that has less volatility risk, while equipping themselves with more information about various crypto projects that they want to invest in.
"In the Pintu application, investors can also take advantage of the Pintu Earn feature which will provide an hourly bonus interest on the stablecoins stored. So the crypto assets continue to work and provide added value," he said.
Pintu Earn is the newest feature of the PINTU application. Through this feature, PINTU users can get a bonus interest of up to 4 percent APY (Annual Percentage Yield) which is paid every hour simply by storing crypto assets in the Earn wallet.
In addition to providing interest, Pintu Earn provides flexibility for users, where PINTU users can withdraw balances from the Earn wallet for trading needs at any time when needed. There are no additional fees for depositing, top up and balance withdrawals from Earn Doors.
"Currently, Pintu Earn is supported by a choice of six tokens, including Bitcoin, Ethereum, Doge, BNB, USDT, and USDC. With Pintu Earn, investors can also implement the Dollar Cost Averaging (DCA) strategy or invest regularly in large amounts. This feature is expected to be used by investors to manage their assets better but also prioritizes convenience," concluded Timo.
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