Stability.The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.Bitcoin’s frenetic value has given critics plenty of fodder to argue that its underlying use case, a digital currency for a digital age, is kaput. The same argument has led proponents to rebrand bitcoin as a store of value, a kind of digital gold, instead of its ostensible utility as a payment method. It’s also one of the primary concerns for institutions when weighing the pros and cons of adopting cryptocurrencies into their business models or investing in the young asset class.Enter stablecoins. A stablecoin, as its name suggests, is a cryptocurrency that is built to retain a stable value. Typically, each coin is pegged one-to-one to a national currency, most notably, the U.S. dollar or the euro. By mediating between the cryptographic controls of cryptocurrencies and the volatility that mars their monetary functionality, stablecoins are the answer to those critics who cry out against crypto’s mantra as digital cash.The need for a stable cryptocurrency is obvious. Your local coffee shop isn’t going to sell you that latte for crypto if the price may decrease before they can liquidate it, and, on the flip side, you may not b... For Further Information Click on Below Button