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b'Today, 180 currencies are sanctioned by the United Nations, from the US dollar to the European Euro to the Japanese Yen, and more.
These currencies are often used to purchase goods and services across global economies. Despite inflation, fluctuating exchange rates, and other factors, the value of these currencies is subject to a little change on a day-to-day basis.

It enables several economies to depend on the use of these government-issued currencies to operate. For example, you can buy bread from your favorite bakery and pay $4 for it today, knowing that it\\u2019s unlikely that it would fall to 99 cents tomorrow drastically.

Stablecoin is a form of digital money that aims to imitate traditional and stable currencies. A stablecoin is a cryptocurrency that is collateralized to the value of an underlying asset.

Many stablecoins are secured at a 1:1 ratio with specific fiat currencies, such as Euro or US dollar, which can be traded on exchanges. Stablecoins can also be pegged to other kinds of assets, for example, precious metals like gold, or even other cryptocurrencies.

Stablecoins do not deal with the issues of extreme volatility as compared to other cryptocurrencies. They leverage the benefits of cryptocurrencies, including immutability, transparency, security, fast transactions, digital wallets, privacy and low fees without losing the trust and stability provided by fiat currency.'