💵 Stablecoins: What are they needed for and why are they chosen?

Stablecoins are cryptocurrencies whose price is tied to real assets, most often the US dollar. The most well-known examples are USDT, USDC, DAI.

🔹 The main goal is stability. While the market is turbulent, stablecoins maintain a value around $1.

🔹 Where they are used:

— storing funds without volatility

— fast transfers around the world

— trading on exchanges

— participation in DeFi