Stablecoins are an innovative solution in the world of cryptocurrencies that was designed to minimize the fluctuations in price associated with cryptocurrencies. They are backed by a relative asset or a basket of assets. They combine the best traits of both fiat and cryptocurrencies. The security, speed, anonymity associated with crypto in combination with the stable, volatile free nature of fiat currencies is the basis of Stablecoins.
Enabled by blockchain technology, and backed by fiat currencies and other commodities, Stablecoins are the most secure and ‘stable’ cryptocurrencies around. For those looking to get into cryptocurrencies, Stablecoins are a great place to start.