#StablecoinSurge

A stablecoin is a type of cryptocurrency designed to maintain a stable value by being pegged to a reserve asset, such as a fiat currency (e.g., the U.S. dollar) or a commodity like gold. The goal is to reduce the price volatility commonly associated with cryptocurrencies like Bitcoin. Stablecoins are commonly used in digital transactions, decentralized finance (DeFi) platforms, and as a store of value. By providing price stability, stablecoins make it easier for users to engage in everyday transactions and hedge against market fluctuations. Examples include USDC, Tether (USDT), and DAI. #Stablecoin #Cryptocurrency #DeFi