What is a Stablecoin?
A Stablecoin is a type of cryptocurrency that is pegged to a stable asset, like a fiat currency, to reduce volatility.
What are Stablecoins used for?
Stablecoins are used for trading, payments, and as a store of value.
How can you understand Stablecoins in simple terms?
A Stablecoin is a digital coin tied to a stable asset like the US dollar to keep its value steady. They are used for trading and making payments without worrying about big price changes, providing a reliable way to handle transactions.