Stablecoins: The Anchors in the Cryptocurrency Market’s Turbulent Waters
What are Stablecoins? A stablecoin cryptocurrency is made to reduce price volatility and maintain a stable value. Stablecoins, in contrast to conventional cryptocurrencies, are tied to a stable asset, such as fiat money (e.g., USD, EUR), a commodity, or both, ensuring that their value stays roughly constant. Stablecoins are more suited for ordinary transactions thanks…