Exploring Stablecoins: Are They the Future of Cryptocurrency?
Stablecoins are cryptocurrencies designed to maintain a stable value by pegging them to a reserve asset, such as a fiat currency (e.g., the US dollar or Euro) or a basket of goods. Unlike highly volatile cryptocurrencies like Bitcoin, whose prices can fluctuate dramatically in short periods, stablecoins aim to provide price stability, making them more suitable for transactions, savings, and serving as a store of value.