What are stablecoins? Is Stablecoins the solution to the rampant price volatility in cryptocurrencies? This is the question in every crypto investor’s mind. Stablecoin cryptocurrencies development is key in regulating the high price volatility experienced in the cryptocurrency market. Traditionally, the prices of cryptocurrencies have been very unpredictable. This has made them unreliable for both the users and merchants. As the name suggests, Stablecoins have a consistent valuation. To achieve this, their prices are usually pegged on an existing financial asset. Examples include; Normal Money (Dollar, Euro) Commodities (Gold, Silver) Cryptocurrencies Commercial papers This means that their price correlates with the asset valuation. Pegging up their value reduces volatility. These…