What are STABLECOINS and WHY should you care about them?

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Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities.

The most common stablecoins are pegged to the US dollar. They are Tether, USDC, TrueUSD, DAI, and a few others.

Why should you be interested in these coins? First of all, they allow you to esentially have money stored in a bank without having to open a bank account. Secondly, they allow you to potentially transfer money without the need for any intermediaries. They can often reduce costs, increase speed, and enable trading.

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