$SOL $SOL A stablecoin is a cryptocurrency designed to maintain a stable value, typically pegged to assets like fiat currency (e.g., USD), gold, or other cryptocurrencies. Unlike volatile cryptocurrencies like Bitcoin, stablecoins aim for price stability, making them suitable for transactions, savings, or as a store of value. They are often backed by reserves (e.g., cash or bonds) or algorithmically stabilized through smart contracts. Popular examples include Tether (USDT), USD Coin (USDC), and Dai. Stablecoins are widely used in decentralized finance (DeFi), trading, and remittances, offering the benefits of crypto—speed, low fees—while minimizing price fluctuations.