Stablecoins

Stablecoins are a type of digital currency designed to maintain a stable value by being anchored to a reserve asset like a fiat currency (e.g., US dollar) or commodities such as gold. Unlike cryptocurrencies like Bitcoin, which can have unpredictable price swings, stablecoins aim to offer the benefits of digital currency—speed, low cost, and ease of transfer—while minimizing volatility. They are often used for trading, payments, or as a safe store of value within the crypto ecosystem. Essentially, stablecoins act as a digital version of traditional money, providing stability and familiarity in the fast-moving world of cryptocurrencies.