What are Stablecoins?

What are Stablecoins?

Stablecoins are one of the most popular and versatile classes of cryptocurrency to emerge in the last few years. Unlike traditional digital currencies like Bitcoin and Ethereum whose prices change on a daily basis, stablecoins are pegged to digital assets like the US dollar eliminating volatility. They combine the benefits of open, borderless cryptocurrencies with the price stability of traditional fiat currencies. One of the most popular stablecoins in circulation today is the USDC.

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