6. Stablecoins

Stablecoins are cryptocurrencies designed to have a stable value by being pegged to a reserve asset like the US dollar or gold. This reduces the volatility typically associated with cryptocurrencies.

Examples of Stablecoins

Tether (USDT)

USD Coin (USDC)

DAI

They are commonly used for trading, as a stable store of value, and for transferring value without the risk of significant price fluctuations.

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