Stablecoins are cryptocurrencies that maintain a stable value against a reference asset, such as the US dollar, euro, gold or even other cryptocurrencies. Its goal is to offer the advantages of cryptocurrencies, such as speed, security, transparency and decentralization, without the drawbacks of volatility, uncertainty and speculation.
In recent years, stablecoins have experienced exponential growth, both in number and market capitalization. According to the data obtained, there are more than 200 stablecoins in the market, with a total capitalization of more than 123 billion dollars as of July 3, 2023. Among the most popular are Tether (USDT), Binance USD (BUSD), USD Coin (USDC), Gemini Dollar (GUSD) and Dai (DAI).