Imagine digital money that's always worth the same as a dollar! That's a stablecoin. They're like cryptocurrencies, but without the price swings. Some people think stablecoins are great for faster and cheaper payments, while others worry they could be used for bad things.
- Stablecoins are digital money tied to the value of a real currency like the US dollar.
- They're used for faster and cheaper payments worldwide.
- Some worry about their use in illegal activities, but most transactions are safe.
- The US government is debating how to manage stablecoins.
| Fact | Detail |
|---|---|
| Stablecoin Use | Used by companies like Visa and PayPal for payments |
| Illicit Activity | Represents a very small part of stablecoin transactions |
| Government Regulation | Debate ongoing in the US Senate; some want stricter rules than others. |
