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You are probably asking yourself, “what in the world is a stablecoin anyway?” In essence, a stablecoin is a cryptocurrency that is pegged to another asset (e.g. gold, the U.S. dollar, another cryptocurrency, etc.). This currency is global and is not tied to a central bank. A stablecoin should have as low volatility as possible, as opposed to other cryptocurrencies that are often highly volatile in nature.