What are Stablecoins?

Stablecoins are one of the most popular and versatile types of cryptocurrencies to emerge in the last few years. They run on public blockchains. However, unlike traditional digital assets such as Bitcoin and Ethereum, whose prices change on a daily basis, stablecoins are pegged to digital assets like the US dollar. This eliminates volatility and price fluctuations and allows them to combine the benefits of open, borderless cryptocurrencies with the stability of traditional fiat currencies.

Popular examples of stablecoins include USDC and the Eurocoin, both of which are issued by Circle.

Stablecoin Stock Market Cryptocurrency Trading Prices Investment 3d Illustration

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