Apart from investors involved in the crypto world, even the top regulators seem to be talking about stablecoins. How do stablecoins stay clear of the volatility seen in the crypto markets? Other stablecoins are linked to the price of crypto assets like Ether or, in certain DeFi apps, collections of coins put up as collateral. But why do people use stablecoins even though the US dollar can serve its purpose directly? How do stablecoins affect crypto prices?

Source: Mint July 26, 2021 04:52 UTC