Stablecoins have been hitting headlines recently and for good reason. Stablecoin utility is at an all-time high and their versatility is being captured in ways we’d have never imagined just six months ago. Even JPMorgan Chase executives are weighing in on stablecoin regulation.
Stablecoins are tokens built on top of blockchains, with values pegged to conventional currencies such as the US dollar. This allows users to exit volatile assets into stable units with minimal volatility, meaning they: