🧿 | What are Stablecoins?

Stablecoins have gained significant attention and popularity in the cryptocurrency market. Designed to provide stability and mitigate the volatility associated with traditional cryptocurrencies like Bitcoin and Ethereum, stablecoins offer users a more predictable and reliable digital asset.

What are Stablecoins?

Stablecoins are a type of cryptocurrency that aim to maintain a stable value by pegging their price to an underlying asset or a basket of assets. Unlike other cryptocurrencies, stablecoins attempt to minimize price fluctuations, providing stability and facilitating use cases that require a reliable medium of exchange, store of value, or unit of account.