Stablecoins provide a bridge between fiat and crypto by offering price stability. This article explores the growth of stablecoins and their potential to revolutionize global payments.
What Are Stablecoins?: Define stablecoins as cryptocurrencies that are pegged to a stable asset like the US dollar, reducing volatility.
Types of Stablecoins: Discuss fiat-backed (e.g., USDT, USDC), crypto-backed (e.g., DAI), and algorithmic stablecoins (e.g., UST before its collapse).
Use Cases for Stablecoins: Explain how stablecoins are used for remittances, online payments, and as a store of value, particularly in regions facing currency devaluation or inflation.
