Blockchain is a revolutionary technology that has gained widespread attention for its potential to transform various industries. Initially, it is created as the underlying technology for cryptocurrencies like Bitcoin, blockchain has evolved into a versatile and method for recording, storing and verifying transactions across a decentralized network.
Stablecoin is a type of cryptocurrency designed to minimize price volatility, typically by pegging its value to a reserve of assets or another stable benchmark. The goal is to provide the benefits of cryptocurrencies to mitigate the price fluctuations that are commonly associated with cryptocurrencies like Bitcoin and Ethereum. These stablecoins use algorithmic mechanisms to adjust the supply of the stablecoin in response to changes in demand, aiming to maintain a stable value. Popular examples of stablecoins include Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and DAI.