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“How to protect yourself and children from a drug addict husband?”

We have three joint children, we lived in a civil marriage for 13 years. Now is such a difficult period, I don’t know what to do. I just want to take children and run away from my husband. The eldest son is 12 years old, he sorry for me and my father. Daughter 9 years old, the other day she said: “I hate dad”. Even when he hears children’s songs about dad, he runs to switch. Although she got the most love of her father’s love. The third 1 year, and, thank God, she does not understand anything.

The first time we ran into this disaster almost three years ago. And I talked to him, and relatives. We cursed, I even called the district. Nothing helped. There was only one way out for me: to pick up my son’s documents from school, throw a house bought for maternity capital, and leave. We moved to Omsk. Two months later, my husband arrived and wanted to meet with children. Promised to quit consuming, asked for help, support. We came together again and began to live in a rented apartment.

It was different. Sometimes he was near, sometimes broke and found new “friends”. I had to drive him out. In two months he managed to overcome the dependence. He got a good job. We had a daughter. Naturally, like everyone else, we cursed. They even cooled a little to each other, and I noticed: a little that, he leaves the house. I realized that the case is in drugs again.

I don’t want to go through this hell again with the children. And I will no longer extend the help of help, and I will not let him in either children or to myself. Now nothing but hatred, I do not feel to him. But once I loved. All my relatives treated him well, but now they are worried about me and children. Offer to move closer to them. But I don’t want to run again: I’m tired of it all.

When he comes and stands for hours behind the door, I do not see another choice – I want to run away so that he would not find us. He loves children, I have no doubt. He does not forget them, provides financial assistance. But his condition is terrible, and not only externally. He then reproaches me in all sins and says that I am to blame for everything, then crying, sometimes aggressive. Tell me how to survive this with children, what first I need to do?

Tonya, it is very difficult to be in a situation of relations with an addicted person. And you are right – if you do not resolve the situation now, then it will happen again, and then again. You have the right course of thoughts: you refuse to run away. Your civil spouse will come and will stand under the door again – this feature, by the way, is characteristic of people dependent on substances.

Therefore, at the moment it is important to understand what exactly inside you made you return the last time. Perhaps you are a co -dependent person with the position of the “rescuer”. You do not write about it directly, but from your words you can hear how all you solve all the problems of the family. It feels like you are not just used to rely on someone, but also do not allow yourself to count on the help and participation of another because of anxiety. Therefore, they found themselves in a relationship with someone who cannot provide you with a sense of reliability.

Try to figure out this alarm. This is a fear that you will let you down? Leave? And where does your anxiety grow from? Apparently, in childhood, you are faced with some kind of chaotic, unreliable attitude of adults to yourself, which has formed a powerful orientation exclusively on yourself. And stretching the problems of others, as well as relations with a dependent personality, is a way not to face anxiety.

I think your spouse at an unconscious level gives you constantly hope for changes, which is also characteristic of dependent people. In his personality there is an injured, painful part of the psyche, which needs drug reassurance. It is this wounded side that asks for help and provokes the spouse to behave childishly, begging for forgiveness and promising to establish everything. This trap for over and over the partners of dependent personalities to feel guilty and return. Because it seems: getting away from such a person is like throwing a child.

Please note that your man changes lifestyle only on the verge of gap. It turns out that he needs an extreme, adrenaline situation. In a calm state, he does not feel comfortable, he needs a threat, drive. And without real efforts and his own desire, unfortunately, he will not be able to rebuild.

The most important victims in this situation, of course, are children. Two seniors have already injured, which will very negatively affect their future life. Therefore, the emotional state of children in solving the issue is more important than personal

life, should be in the first place. When you understand the main “clue” in relations with a civil spouse, you can stop reacting to his attempts to return you.

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What Are Stablecoins? Definition, How They Work, Types

what is a stablecoin

Traders find it useful to hold USDC as a stable asset that avoids market volatility. Instead, it’s available as Solana SPL, ERC-20, and Algorand ASA tokens. USDT was initially developed to use the Bitcoin blockchain (Omni and Liquid Protocol) as its transport protocol, allowing transactions of tokenized fiat currencies. However, Tether tokens currently use multiple protocols, including Ethereum, Algorand, Bitcoin Cash, EOS, Tron, and OMG.

Fiat-backed stablecoins are described as an IOU — you use your dollars (or other fiat currency) to buy stablecoins that you can redeem later for your original currency. Unlike other cryptos, with value that can fluctuate wildly, fiat-backed stablecoins aim to have very small price fluctuations. But that’s not to say stablecoins are a totally safe bet — they are still relatively new with a limited track record and unknown risks, and should be invested in with caution. The cryptocurrency exchange Coinbase offers a fiat-backed stablecoin called USD coin, which can be exchanged on a 1-to-1 ratio for one U.S. dollar.

What makes stablecoins different?

However, CBN barred cash withdrawals and issued other guidelines on cryptocurrency accounts. Recall that the apex bank lifted the ban on cryptocurrency transactions in Nigeria in December last year. For another, Phillips filed an amicus brief on behalf of the SEC in its ongoing lawsuit against Coinbase, so he already has a clear point of view. As the company has made clear in its legal battle against Gary Gensler, it wants an update to U.S. financial regulatory policy—which could include a refresh of the Howey test.

what is a stablecoin

This influences which products we write about and where and how the product appears on a page. Counterparty risk is the probability that the other party in the asset may not fulfill part of the deal and default on the contractual obligation. You should always check with the product provider to ensure that information provided is the most up to date.

History of stablecoins

The value of investments can fall as well as rise and you may get back less than you invested. This content shouldn’t be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks.

Instead of using reserve systems or backed assets, algorithmic stablecoins use a fully algorithmic approach to adjust their supply in response to price fluctuations. However, due to their uncollateralised nature and reliance on algorithms to maintain the peg of an asset, they are broadly considered inherently more vulnerable to the risk of depegging. Serving the purpose of what is a stablecoin maintaining value and purchasing power, pegging against an asset can make stablecoins more resilient to market fluctuations in the cryptocurrency space. For instance, one of the most popular stablecoins — Tether (USDT) — is commonly equal to US$1. The main benefit of a stablecoin is to provide price stability in the crypto market since its value always remains constant.

USD Coin

The value of most cryptocurrencies is largely determined by what the market will bear, and many people who buy them are doing so in hopes that they will increase in value. If you spend a stablecoin that’s linked to the value of a dollar, you’re less likely to look at cryptocurrency prices the next week and see that you’re missing out on a big gain (or huge loss). Stablecoins can be used by traders and investors to hedge their portfolios.

Doug is a Chartered Alternative Investment Analyst who spent more than 20 years as a derivatives market maker and asset manager before “reincarnating” as a financial media professional a decade ago. Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk. A stablecoin typically goes through a few stages before someone can use it. Cryptocurrencies are currently going through an accelerated period of growth. Research from the Cambridge Centre for Alternative Finance suggests that the number of global crypto users has increased from 35 million in 2018 to 101 million in 2020.

While this happens, stablecoins are doing a very good job of bridging the gap between fiat and crypto. CBDCs are not cryptocurrencies, nor are they Stablecoins – but they include elements of both. They are “stable”, since a CBDC is nothing more than a reengineered form of a national currency that incorporates some of the features that make cryptocurrencies so powerful. The first and most prominent example of a crypto collateral-based stablecoin is DAI, the brainchild of crypto non-profit MakerDAO.

Instead, these stablecoins achieve their price stability by using algorithms to control the supply and circulation of their tokens on the marketplace. These stablecoins will issue new tokens when the price of stablecoins goes above the target price or above the fiat currency it is tracking. Conversely, these stablecoins will stop issuing tokens if the price goes below the target, which will raise the price by limiting supply. And yet, while it may have been evident before, there is now a clear judicial decision that explains when the SEC could target stablecoins. USDC, still the second-largest stablecoin by market cap despite its ruinous 2023, is a separate matter. This is another area where stablecoins are uniquely positioned to do well in 2024.

Stablecoins bring more liquidity and volume to the crypto market

Fiat-collateralized stablecoins are usually more centralized than other cryptocurrencies. A central entity holds the collateral and may also be subject to external financial regulation. You also need to trust that the issuer has the reserves they claim https://www.tokenexus.com/ to have. Yet because they hew to the value of a single fiat currency, they act as a sort of temporary refuge for investors looking to secure their funds during a bear market. In this way, stablecoins are like blockchain-enabled versions of the dollar.

  • After the volatility that many cryptoassets have experienced during the last several years, the appeal and interest for lower volatility cryptoassets continues to increase.
  • You can also sell crypto for stablecoins during a market downturn and repurchase them at a lower price (i.e., shorting).
  • Unlike other types of cryptocurrencies — which can be volatile — the price of stablecoins usually doesn’t change over time.
  • Our estimates are based on past market performance, and past performance is not a guarantee of future performance.
  • The net result from this uncertainty would be reduced economic activity.
  • That said, the forecast does look positive for stablecoins; let’s take a look at a few of the reasons why.
  • They also provide immense liquidity to DeFi projects, and they bridge the gap between fiat and crypto as they are backed by real assets with real value.

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