Stablecoin

A stablecoin is a type of cryptocurrency designed to maintain a stable value by pegging it to a reserve asset like a fiat currency, a commodity, or a basket of assets. Stablecoins provide stability and mitigate the price volatility typically associated with cryptocurrencies. They are used for various purposes, including facilitating transactions, serving as a store of value, and enabling stability within decentralized finance (DeFi) applications.