What are stablecoins?

What are stablecoins?

A stablecoin is a type of cryptocurrency designed to maintain a stable value by being pegged to a reserve asset, like the US Dollar or Euro. For example, 1 EURC is always worth 1 EUR, and 1 USDC is always worth 1 USD. This makes stablecoins ideal for payments, savings, and transfers without the volatility of other cryptocurrencies.

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