Stablecoins, cryptocurrencies whose price is supposedly pegged to a real-world asset such as a national currency or gold, are key parts of the cryptocurrency market’s plumbing, serving as a bridge between fiat money and digital assets. They are increasingly popular for non-crypto activities in emerging regions such as Latin America and Southeast Asia, with uses ranging from dollar savings, to cross-border payments and transactions, to foreign exchange and currency trading. recent report by venture capital firm Castle Island and hedge fund Brevan Howard Digital.
