As their name suggests, stablecoins are cryptocurrencies that are designed to stay at a constant value. Each stablecoin is usually pegged to something of value, like the US dollar. This means that a stablecoin always aims to equal the value of the asset that it’s pegged to. Stablecoins offer a way to enjoy the benefits of digital money without the worry of sudden price changes. Unlike other cryptocurrencies whose value is dictated by market forces, stablecoins employ a variety of methods to ensure that their value remains stable.
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