Imagine you walk into a crypto city. In this city, everything is noisy and dramatic. One day, ETH is up 20%. The next day, ETH is down 30%. That’s exciting if you’re gambling… but if you’re trying to save money, pay someone, set prices, or borrow, it’s a nightmare. So people in this city created something boring on purpose:A “digital dollar” that lives on the blockchain.That’s a stablecoin. A stablecoin’s job is simple:Try to stay close to $1.That target is called the peg.The $1 magnet (how s...

Imagine you walk into a crypto city. In this city, everything is noisy and dramatic. One day, ETH is up 20%. The next day, ETH is down 30%. That’s exciting if you’re gambling… but if you’re trying to save money, pay someone, set prices, or borrow, it’s a nightmare. So people in this city created something boring on purpose:A “digital dollar” that lives on the blockchain.That’s a stablecoin. A stablecoin’s job is simple:Try to stay close to $1.That target is called the peg.The $1 magnet (how s...