Can Stablecoins Get Past Their Instability?

Stablecoins, cryptocurrencies designed to carry a secure worth via a peg to an underlying asset, such because the U.S. greenback, have gained reputation for his or her potential to supply the pliability of cryptocurrency with out its value volatility. Their design — whether or not fiat-backed, as most are, or algorithmic (i.e. backed by different property or cryptocurrencies) — is supposed to supply customers a refuge from the value gyrations of conventional cryptocurrencies like bitcoin (BTC) and ether (ETH).