They aren’t as volatile as bitcoin and other crypto assets. But they aren’t mainstream yet.
Cryptocurrencies have yet to reach mainstream adoption, but one part of the market that has seen substantial growth is stablecoins.
Stablecoins have become popular in the digital-currency industry because they don’t have the wild volatility associated with other crypto assets such as bitcoin. Stablecoin prices are often pegged at a one-to-one ratio to a stable asset such as the U.S. dollar, which is held in reserve as collateral. That means a buyer who pays $1 for a stablecoin usually can redeem it for $1 later on.