Stablecoins are tokens tracked by a blockchain, but in contrast to assets like bitcoin (BTC), they’re intended to consistently match the buying power of a fiat currency, most often the U.S. dollar. Stablecoins were first created to give active crypto traders a tool for moving quickly between more volatile positions, though as we’ll see, the potential for big interest rates on loans has also helped attract capital.
Source: https://www.coindesk.com/business/2022/04/25/first-mover-americas-the-bitcoin-death-cross/?utm_medium=referral&utm_source=rss&utm_campaign=headlines