Overview
Stablecoins are a type of cryptocurrency designed to maintain a stable value relative to a specified asset, such as fiat currency or commodities. They rely on stabilization tools like reserve assets or algorithms to match supply and demand. Despite their name, stablecoins are not always stable, and their issuance and usage are increasingly regulated by governments. Companies like [[circle|Circle]] and [[coinbase|Coinbase]] are major players in the stablecoin market, with [[tether|Tether]] being one of the most widely used stablecoins.