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Short Description:

A type of cryptocurrency that is pegged to the value of a fiat currency or other assets to reduce price volatility.

Main Description:

A stablecoin refers to a type of digital asset designed to maintain a stable value, typically pegged to a fiat currency or an underlying asset. It provides stability and mitigates the price volatility commonly associated with other cryptocurrencies, making it suitable for everyday transactions, store of value, and hedging against market fluctuations. They offer a reliable bridge between traditional financial systems and the decentralized world, enabling seamless transactions and facilitating wider adoption of cryptocurrencies.