What Is a Stablecoin?

Form of crypto whose value is designed to mirror a traditional asset

Photo by CoinWire Japan on Unsplash

In the realm of cryptocurrencies, where Bitcoin has become synonymous with extreme volatility, stablecoins have emerged as beacons of stability. Their core purpose rests upon the idea of minimizing price fluctuations, making them attractive for traders seeking refuge from market turbulence and for facilitating…