A Stablecoin is a type of cryptocurrency that claims to be pegged 1:1 with a real-world asset like gold or oil, or FIAT, for example, USD. Tether (USDT) is currently the most popular and used Stablecoin with a market cap of $62 billion.
The cryptocurrency market has long been known for its volatility; stablecoins are designed to hold their value despite its performance. The SmartFI Portal includes the following Stablecoins: