Introduction Cryptocurrencies have transformed the financial world, offering decentralized systems and innovative investment opportunities. However, one major drawback of traditional cryptocurrencies like Bitcoin and Ethereum is their price volatility. This is where stablecoins step in. But what are stablecoins, and how do they solve the problem of volatility? This article explores what is a stablecoin, its mechanism, and the types of stablecoins available in the crypto market.
What Are Stablecoins?