Stablecoins are cryptocurrencies designed to maintain a stable value by pegging them to a reserve asset, typically a fiat currency like the US Dollar. They aim to combine the benefits of digital assets—such as fast transactions and transparency—with the stability of traditional currencies. Common types include fiat-collateralized, crypto-collateralized, and algorithmic stablecoins. Stablecoins play a crucial role in DeFi applications, trading, and as a store of value, offering reduced volatility compared to other cryptocurrencies.
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