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What are stablecoins, and how do they function in the crypto market?
What are stablecoins, and how do they function in the crypto market?
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Stablecoins are cryptocurrencies pegged to a stable asset, like the US dollar or gold, to minimize volatility. They provide a bridge between traditional finance and the crypto world, allowing users to conduct transactions and store value without the wild price fluctuations often associated with other cryptocurrencies, making them popular for trading and remittances.