Stablecoin is a type of cryptocurrency that is pegged to a stable asset such as the US dollar, gold, or other commodities.
The goal of stablecoin is to provide stability to the volatile crypto market by reducing the price fluctuations that are common with other cryptocurrencies like Bitcoin and Ethereum.
This stability is achieved by tying the value of the stablecoin to a stable asset, which reduces the risk of price swings and makes it an attractive option for investors and merchants who require a more stable form of digital currency.
