Why Stablecoins Are Crucial for Crypto Adoption
What Are Stablecoins?
Cryptocurrencies pegged to stable assets (e.g., USD, gold). Examples include USDT, USDC, and BUSD.
Advantages:
Reduced Volatility: Useful for transactions and savings.
Bridge Between Fiat and Crypto: Easier onboarding for new users.
DeFi Applications: Essential for lending, borrowing, and liquidity pools.
Challenges:
Regulatory concerns and questions about reserves backing these stablecoins.
