For any decentralized finance or DeFi ecosystem to function efficiently, stablecoins are crucial. They enable liquidity — the easy movement of value from one place to another — with less friction and volatility risk.
Both Ethereum and Solana have enjoyed vibrant DeFi environments, at least partly due to the ease of access to stablecoin utility within their networks. This has not yet been the case for the appchain ecosystem that calls itself the “internet of blockchains” — Cosmos.
