Stablecoins serve as digital currencies designed to maintain a stable value by pegging them to assets like fiat currency or commodities. They provide fast and low-cost transactions, enabling smoother cross-border payments. Financial institutions explore stablecoins for their potential to streamline processes and reduce transaction costs. Regulators examine how to address risks associated with stablecoins, including volatility, security, and regulatory compliance. Stablecoins may also enhance financial inclusion by offering banking services to unbanked populations. Various projects and initiatives demonstrate the increasing interest in integrating stablecoins into traditional banking systems.
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