Stablecoins are cryptocurrencies whose values are pegged to something else of value such as a US dollar or gold.
Price stability and decentralized nature are the two main features of stablecoins.
The lack of high volatility in price is the major advantage that stablecoins have over other cryptos such as Bitcoin and Ethereum, and allows them to be used in the mainstream.
An example of a stablecoin is Tether, which claims that each coin is pegged to the US dollar. The coin has been subject to intense scrutiny after it refused third party audits.
Other examples of stablecoins are MakerDao's Dai, Havven, and Basecoin.
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by Jyotsna V