“Stablecoins: The Role of Pegged Cryptocurrencies in Volatile Markets”
Introduction The cryptocurrency market is renowned for its volatility, with prices fluctuating wildly over short periods. This inherent instability has hindered the adoption of cryptocurrencies for everyday transactions and has underscored the need for a more stable digital asset. Enter stablecoins. These cryptocurrencies are designed to maintain a stable price relative to a specific asset,…