#BigTechStablecoin A stablecoin is a type of cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, or backed by assets such as gold or other cryptocurrencies. By offering price stability, stablecoins combine the advantages of digital currencies, like fast transactions and decentralization, with the reliability of traditional financial assets. They are commonly used for remittances, trading, and as a hedge against the volatility of other cryptocurrencies. Stability mechanisms include collateralization (asset-backed) or algorithms (adjusting supply based on demand). Popular examples include USDT, USDC, and DAI. They play a crucial role in the crypto ecosystem.