What Is A Stablecoin?
Stablecoins are cryptocurrencies that are designed to be less volatile compared to regular cryptocurrencies. This is important because as cryptocurrencies become more widely accepted, they need to compete with other assets like commodities, metals, traditional money, and physical items that have relatively stable prices.
Stablecoins are backed by physical items, which makes them a preferred investment option for those who prefer less volatility. While this means they may not provide the same potential for massive gains in a short period of time, they offer the advantage of being more secure and stable.