💎Overview

Definition and Importance of Stable digital asset

In the volatile development journey of the digital asset world, stable digital asset has emerged as a concept that attracts special attention from both investors and everyday users. This is a type of digital asset designed to maintain a stable value, often anchored to a specific reference asset such as fiat currency (USD, EUR) or other assets.

Stable digital asset acts as a bridge between the volatile digital financial market and the traditional financial system, helping to reduce risks and increase usability in real life, especially in daily payments and transactions.

By limiting price volatility, stable digital asset solves the major challenges of digital asset while bringing convenience and trust to users. Investors and users can easily switch between stable digital asset and traditional currencies without experiencing sudden price fluctuations. This creates convenience and trust in the use of digital asset from daily transactions to participating in centralized and decentralized financial services.

Stable digital assets not only help reduce price fluctuations, but also open up new opportunities to promote the development of the global financial system. Based on different stabilization mechanisms, stable digital assets have become a convergence between the traditional world and digital asset, bringing diverse benefits to both.

With the rapid development of digital asset globally and the strong response of users to stable digital assets (USDT, USDC, TUSD, DAI, FRAX, etc.), the VNST team was inspired to develop a stable digital asset project that does not use USD units and is especially suitable for users in developing countries, especially in Vietnam.