You’ve likely heard of blockchain and cryptocurrencies, but what’s stablecoin?  In essence, it offers the best of both worlds in regards to the cryptocurrency marketplace. This recent development tries to address one of the core pain points and issues that has prevented the widespread adoption of cryptocurrencies: price volatility.

Stablecoin is being considered as the missing link to achieving greater mass market adoption of cryptocurrencies. Stablecoins differ from other cryptocurrencies, including the popular Bitcoin, because they are attached to some type of existing asset such as a fiat currency or gold. This has the potential to be big, as the average investor or consumer is just not comfortable using something that can change in value by double-digit percentages.

Read up more here:

https://www.accountingtoday.com/opinion/what-are-stablecoins-and-what-do-cpas-need-to-consider