#CryptoFees101 Stablecoins have quietly become a driving force in the global cryptocurrency market, representing more than two-thirds of the trillions of dollars in cryptocurrency transactions recorded in recent months.

Unlike most cryptocurrencies, which can often be subject to drastic price swings, stablecoins are pegged 1:1 to less volatile assets, such as fiat currencies or commodities, to maintain a constant and predictable value.

Globally, stablecoins are gaining momentum as a medium of exchange and store of value, addressing the shortcomings of traditional currencies, especially in regions with monetary instability or limited access to the US dollar (USD). Businesses, financial institutions (FIs), and individuals are leveraging stablecoins for various uses, from international payments to liquidity management and protection against currency fluctuations. The ability to facilitate faster and more cost-effective transactions compared to traditional financial systems has accelerated the adoption of stablecoins worldwide.