Imagine money that's always worth the same amount, like a dollar, but exists online! These are called stablecoins, and they're becoming super popular in countries where regular banks aren't very helpful.
Stablecoins are like digital dollars that live on the internet. They're used for sending money quickly and cheaply across borders, especially in places with high inflation or weak banks. This helps people avoid problems like having their money lose value.
Even the US government is starting to pay attention! They see stablecoins as a big deal, and want to make sure they are safe to use.
- Stablecoins are like digital dollars.
- They are helpful in countries with bad banks or high inflation.
- People use them to send money easily and cheaply across the world.
- The US government is also interested in stablecoins.
| Fact | Number |
|---|---|
| Total value of stablecoins | $225 billion |
| Tether's (USDT) market share | Over 60% |
| Stablecoin growth in past year | +$100 billion |
