Understanding Stablecoins

Stablecoins are a type of cryptocurrency that aims to maintain a stable value by pegging it to another asset, such as a fiat currency, precious metal, or a basket of assets. Stablecoins have gained significant popularity in recent years due to their potential to address some of the limitations of traditional cryptocurrencies, such as Bitcoin. While Bitcoin is known for its price volatility, stablecoins provide a more price stable alternative, making them suitable for various use cases.

One of the most prominent ways stablecoins are marketed is in regards to their ability to act as a bridge between traditional finance and the digital asset space. By pegging their…

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