#稳定币日常支付 What is a stablecoin?

A stablecoin is a type of cryptocurrency that is pegged to a specific asset (such as the US dollar, euro, or gold) designed to reduce price volatility. Common stablecoins include USDT (Tether), USDC (USD Coin), and BUSD (Binance USD), among others. These coins are usually backed by physical assets or maintain their value stability through algorithmic mechanisms.

Advantages of stablecoins in everyday payments

1. Price stability: Compared to highly volatile cryptocurrencies like Bitcoin, stablecoins have a more stable value, making them suitable as a medium of exchange.

2. Fast transaction speed: Through blockchain technology, the transfer speed of stablecoins is usually faster than traditional banking systems and can operate 24/7.