#WYSTStablecoin

Stablecoins are a type of cryptocurrency that are designed to minimize the volatility often associated with cryptocurrencies. They achieve this stability by being pegged to a reserve of assets. These assets can be a variety of things, such as a specific amount of a fiat currency like the dollar or euro, or other types of assets like gold or other cryptocurrencies. The value of a stablecoin is directly linked to the value of these underlying assets. If the value of the assets changes, so does the value of the stablecoin. This mechanism helps to maintain a stable value, hence the name 'stablecoin'.