Stablecoins are cryptocurrencies that are designed to maintain a stable value relative to a fiat currency, such as the U.S. dollar or euro.
Unlike other cryptocurrencies, whose value can be volatile, stablecoins are backed by more stable assets, such as bank deposits or precious metals, allowing them to maintain a constant value.
Stablecoins are often used as a way to save in the cryptocurrency space, as their value remains stable even in times of high market volatility.
In addition, stablecoins are also used for transactions leveraging blockchain technology, because their constant value facilitates price evaluation, accounting and international payments.
