Stablecoins

Stablecoin is a blockchain-based digital asset whose value is pegged to a more stable asset, such as fiat currencies (USD, EUR) or commodities (gold). This ensures price stability, minimizing volatility common to other digital assets. Stablecoins facilitate payments, transfers, and liquidity provision within decentralized financial applications (DeFi). The stability of their value is maintained through asset-backed reserves or algorithmic stabilization mechanisms.