#WYSTStablecoin A stablecoin is a type of cryptocurrency designed to maintain a stable value by pegging it to an underlying asset, such as fiat currency (e.g., USD, EUR), commodities (e.g., gold), or a basket of assets. Unlike volatile cryptocurrencies like Bitcoin, stablecoins provide price stability, making them useful for payments, remittances, and trading. They are categorized into fiat-backed, crypto-backed, and algorithmic stablecoins, each with different mechanisms for maintaining their peg. Popular examples include USDT (Tether), USDC, and DAI. Stablecoins play a crucial role in the crypto ecosystem, offering liquidity, reducing volatility risks, and enabling seamless transactions across blockchain networks.