The Rise of Stablecoins: Understanding the Benefits and Challenges
The concept of stablecoins has been gaining more and more attention in the crypto world over recent years. What exactly are stablecoins? Stablecoins are digital tokens that are designed to maintain a stable value, and are pegged to a stable asset such as the US dollar, gold, or other fiat currencies. Stablecoins are meant to provide a stable store of value and act as a medium of exchange in the crypto ecosystem. The history of stablecoins dates back to 2014, when the first stablecoin was launched. Since then, the number of stablecoins has grown exponentially, with more than 200 stablecoins…
