#StablecoinPayments Stablecoins are a type of cryptocurrency whose value is pegged to another asset, such as a fiat currency or gold, to maintain a stable price.

They strive to provide an alternative to the high volatility of popular cryptocurrencies, making them potentially more suitable for common transactions.

Stablecoins can be utilized in various blockchain-based financial services and can even be used to pay for goods and services.

Although the term “stablecoin” is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.