
The Role of Stablecoins in DeFi and Their Impact on the Market
Stablecoins have become a cornerstone of decentralized finance (DeFi), offering a reliable medium of exchange in a highly volatile cryptocurrency ecosystem. By pegging their value to fiat currencies, commodities, or algorithmically managed supplies, stablecoins mitigate the price fluctuations common to cryptocurrencies like Bitcoin and Ethereum. This stability makes them indispensable