Stablecoins are cryptocurrencies that are designed to maintain a stable value against a specific asset or a basket of assets, typically fiat currencies like the US dollar or the euro, but also commodities or precious metals. The purpose of stablecoins is to provide the benefits of cryptocurrencies such as decentralization, security, and fast transaction speeds, while avoiding the volatility that is typical of many cryptocurrencies. Stablecoins can be used as a medium of exchange, a store of v...