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(Source from ThunderCore Blog: <a href="https://news.thundercore.com/what-are-stablecoins/" rel="noopener noreferrer nofollow">https://news.thundercore.com/what-are-stablecoins/</a> )Stablecoins are a specific form of digital asset that utilize blockchain technology, incorporating the advantageous characteristics of cryptocurrencies while aiming to maintain a steady value.Diverging from other cryptocurrencies, stablecoins are purposefully designed to counteract the inherent volatility commonly observed in the digital asset realm. This attribute makes them an appealing choice for users who seek stability amidst the highly unpredictable crypto market.To achieve price stability, stablecoins are tied to established fiat currencies like the US dollar or the euro. This stability is crucial for everyday transactions and financial planning purposes.Moreover, stablecoins serve as a crucial link between cryptocurrencies and fiat currencies. They offer the decentralized and efficient advantages of cryptocurrencies while retaining the stability and familiarity of traditional money.In this article, we will delve into the intricacies of stablecoins, exploring their various types, use cases, regulatory considerations, and their increasing presence within the ThunderCore ecosystem.<h2 id="header-0">About ThunderCore</h2>ThunderCore is a fast and secure EVM-Compatible layer-1 blockchain founded in Silicon Valley in 2017 to provide a robust infrastructure for DApps and the broader DeFi ecosystem. Its high-performance blockchain offers a breakthrough consensus protocol PaLa, 4,000&#43; TPS, sub-second confirmation times, and low gas fees.With over 8 million addresses, 680 million transactions, and 133 million block height on its network, ThunderCore is dedicated to bringing blockchain technology to broad adoption.You can learn more about ThunderCore’s historical information on our <a href="https://blog.thundercore.com/" rel="noopener noreferrer nofollow">Medium Blog</a>.

What are Stablecoins? Definition, Characteristics, and Importance

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