#StablecoinLaw

Stablecoins are a type of cryptocurrency designed to maintain a stable value, usually pegged to a traditional asset like the US dollar, euro, or gold. Unlike volatile cryptocurrencies such as Bitcoin or Ethereum, stablecoins offer price stability, making them useful for trading, remittances, and storing value. They act as a bridge between digital assets and fiat currencies in the crypto ecosystem. Popular stablecoins include USDT (Tether), USDC (USD Coin), and BUSD (Binance USD). They are commonly used on exchanges for liquidity and to hedge against market fluctuations. However, stablecoins also face regulatory scrutiny regarding transparency and reserve backing.