Published in: Blog

What are stablecoins, and why are they important?

Author Mr Miner X

Published on: December 31, 2024

Stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to assets like fiat currencies (e.g., USD) or commodities (e.g., gold). Examples include USDT and USDC. They provide the benefits of cryptocurrency—like fast transactions—without the high volatility, making them essential for trading, payments, and DeFi applications.