#StablecoinPayments A stablecoin is a type of cryptocurrency designed to have a stable value in relation to a reference asset, often a fiat currency like the US dollar. Unlike more volatile cryptocurrencies, stablecoins aim to maintain a consistent price. They achieve this stability through various mechanisms, such as being backed by reserves of fiat currency or other assets, collateralized by other cryptocurrencies, or through algorithmic mechanisms that control their supply. Stablecoins are used for trading, lending, and payments within the cryptocurrency ecosystem due to their price stability.