What Is a Stablecoin and How Does It Work?
Stablecoins are cryptocurrencies designed to maintain a steady value, typically pegged to assets like the US dollar or gold. Unlike Bitcoin’s wild price swings, these digital tokens offer stability in crypto’s chaotic universe. They come in various forms: fiat-collateralized (backed by actual dollars), crypto-collateralized (secured by other cryptocurrencies), or algorithmic (using complex math instead of…