Imagine if you had a digital dollar that was just as reliable as the paper dollar in your wallet. That’s what a stablecoin is: a type of cryptocurrency (digital money) designed to keep its value steady—unlike traditional cryptocurrencies like Bitcoin or Ethereum, which can rise or fall dramatically in price.

Think of it like this: if you’re using Bitcoin to buy a cup of coffee today, the price could change by the time you finish your drink! But with a stablecoin, your $1 (or equivalent) stays at $1—no surprises.

Stablecoins offer lower fees, more payment provider competition, and wider accessibility. Because stablecoins reduce the cost of transactions to nearly zero, they can free businesses from the friction of existing alternatives.