$STABLE coin cryptocurrency is a type that is pegged to a real asset, such as the US Dollar, Euro, or sometimes gold, to keep its value stable.
Its main purpose is to protect against the high volatility of the crypto market.
The prices of Bitcoin and altcoins fluctuate rapidly, while stable coins often try to remain equal to 1 USD. For this reason, traders use stable coins as a safe zone, especially when the market is down.
Popular stable coins include USDT (Tether), USDC, and DAI. These coins are widely used for trading, remittance, DeFi platforms, and saving. In DeFi, stable coins also play an important role in lending and staking.
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The future of stable coins is considered quite bright as they serve as a bridge between traditional finance and the crypto world. If regulation and transparency improve, stable coins could become a strong part of the digital economy.