A stable coin is a cryptocurrency whose value is rooted in either another currency, the US dollar, or assets. It is a form of e-money to have designs on real-world time currencies. Stablecoin does not change unforeseeably or briskly. Some of the stablecoins serve the behavior of a 1:1 ratio which means they are equal to any US dollar, gold, or precious metal.
The first stablecoin was issued in the year 2014. Since then, they are preferred by everyone as they confound with the problem of volatility that we have witnessed in other cryptocurrencies.
Initially, they were used to buying cryptocurrencies on trading platforms and they do not propose fiat currency trading. Fiat currency refers to a government-issued currency that is not backed by the commodities or assets like gold, or silver. But with the development of time, stablecoins have now started offering multiple advantage
