In a cryptocurrency world dominated by price swings, some risk-averse investors seek a digital asset with more stability. Enter the stablecoin, a type of token that is designed to carry a fixed value.
Stablecoins are intended to be — and largely have been — less susceptible to volatility because they are backed by another asset. The fixed value, in theory, is a ballast against dramatic day-to-day fluctuations like those seen in other cryptos like bitcoin (BTC-USD) and ethereum (
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