Stablecoins are cryptocurrencies that tackle price volatility effectively. It maintains a stable value as it is pegged to a currency like USD or EUR or any precious metal like gold or silver.
Stablecoins have several advantages such as diversifying portfolios during times of market instability, used for daily transactions, improving return on investment by minimizing market volatility, and for payment of loans. It can also be utilized as a store of value. Know more
