Stablecoin
Stablecoins are a category of cryptocurrencies designed to maintain a stable value by pegging it to external references like fiat currencies or commodities, reducing volatility. There are two main types: fiat-backed and crypto-backed. They offer price stability, global accessibility, and transparency but entail risks like counterparty and smart contract risk. Stablecoins find applications in payments, remittances, savings, and investments, with ongoing exploration of their potential use cases. While promising, it’s essential to consider the associated risks and evolving regulatory landscape.