#BigTechStablecoin
A stablecoin is a type of cryptocurrency designed to maintain a stable value by pegging it to a reserve asset, such as the US dollar, euro, or gold. Unlike volatile cryptocurrencies like Bitcoin or Ethereum, stablecoins aim to offer price consistency, making them ideal for trading, payments, and remittances. Common types include fiat-backed (e.g., USDT, USDC), crypto-backed, and algorithmic stablecoins. They play a crucial role in decentralized finance (DeFi), enabling users to earn interest, lend, or transact without exposure to high volatility. Stablecoins bridge the gap between traditional finance and blockchain, offering both security and liquidity in the digital economy.
