stablecoin

A stablecoin is a type of digital currency designed to maintain a steady value by pegging its worth to a stable asset, like a fiat currency such as the US dollar or gold. Unlike cryptocurrencies like Bitcoin that can fluctuate wildly, stablecoins aim to provide the benefits of digital currency—fast transactions and ease of transfer—while minimizing price volatility. They are used for trading, payments, and transferring money across borders, offering a reliable store of value within the digital economy. Stablecoins help bridge traditional finance and cryptocurrencies by combining stability with blockchain technology.