A stablecoin is a type of cryptocurrency pegged to an asset like the US dollar or Canadian dollar. It has the advantages of cryptocurrencies such as being programmable, but does not suffer from the large volatility of other types of cryptocurrencies.
Some examples of stablecoins include CADC, DAI, USDC, USDT, BUSD.
Here are some ways you can use stablecoins today:
- Buy other types of cryptocurrencies on Centralized Exchanges
- Buy other types of cryptocurrencies on Decentralized Exchanges (like Uniswap)
- Earn yield on on your stablecoins
- Peer-to-peer remittance
- Payment for goods and services in dapps