How Do Stablecoins Compound Your Revenue?
Roughly around 5.8 million people use cryptocurrencies all around the world. However, every single crypto trader faces the risk of price fluctuation (or) volatility, every day. In 2014, bitcoin's price spiked from $444 to $612 in just a month. Thus, volatility is one of the reasons why retail stores refuse to accept payments in cryptocurrencies.
This risk of losing out funds is sorted by the emerging stablecoins, which peg the value of any underlying asset (or) commodity to the cryptocurrency thus making it immune against heavy price fluctuations. This is considered a good medium for crypto traders to store funds and the best possible currency for common people to facilitate cross-border payments and other local transactions at a minimized cost. Considering all such impossible benefits, stablecoin is deemed to be the hope of the crypto business model.
Here are the major modes through which stablecoins generate income for your business.
Transaction Fee
Though users shift from conventional cryptocurrencies, by using your stablecoins they are still levied a good deal of transaction fee for averting the danger of volatility and securing their investment.
Trading Volume
Once you launch your stablecoin and distribute it all over the world, your customer base tends to grow. As your customer base tends to grow, trading volume and fee increases. Thus, trading volumes boost your revenue.
Cross-border Payments
Stablecoins’ target audience is common people (or) crypto traders who happened to be separated from their families and live in a distant land. Since their trading volume is high, the income yielded is also high.
Currency Conversion Fee
No matter how much users trade between countries (or) continents, they tend to satisfy the objective of a stablecoin - to convert the coins into local currencies. Hence, the currency conversion fee is also a part of your income.
Investors
As soon as you deploy your stablecoins and it begins to popularize in the crypto market, you are guaranteed to attract global investors. Through their investment and with support, your business can scale heights.
ICO/MLM
The ICO (or) MLM platform we create to distribute your stablecoin gains popularity and revenue as well in a short span of time. MLM has the opportunity to continue for life, thus you can earn lifelong income.
To know more about stablecoin’s revenue generation, get connected with the leading StableCoin Development Company, Developcoins.
Contact Us!
Call/Whatsapp: 9500766617
Email: sales@developcoins.com
