How stablecoins serve as a bridge between crypto and fiat: Insights from Anush Jafer

Stablecoins are crucial in cryptocurrency, offering stable value by being pegged to assets like fiat currencies or other cryptocurrencies. Their types include fiat-collateralized, crypto-backed, and algorithmic. Advantages include price stability, enhanced DeFi access, efficient market transitions, regulatory compliance, and increased liquidity. Top examples are USDT, USDC, DAI, and PayPal USD.