5 Things You Wish You Knew About Stablecoins

EPISODE 9

Unlike cryptocurrencies, stablecoins provide a stable and reliable store of value, achieved by pegging their price to stable assets

Stablecoins are a class of cryptocurrencies that have gained massive popularity due to the high volatility in the crypto market. Unlike traditional cryptocurrencies, they provide a stable and reliable store of value, achieved by pegging their price to one or more stable assets — preventing enormous price fluctuations. But it does not mean that stablecoins are without risk.

While traditional cryptocurrencies rise and fall in price dramatically, stablecoins maintain a stable price depending on the pegged asset. Their price is only affected if something dramatic happens to the underlying asset they mirror. Due to this, stablecoins serve as a bridge between distributed ledger technology and traditional finance.

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