Lesson 3: What is Stablecoin?

Stablecoins are a type of cryptocurrency designed to maintain a stable value by being pegged to traditional currencies like the US dollar or commodities such as gold. At Movo, we explain stablecoins as digital assets that combine the benefits of blockchain technology—such as transparency, speed, and security—with the stability of traditional currencies.

Unlike cryptocurrencies such as Bitcoin or Ethereum, which can experience significant price fluctuations, stablecoins offer a steady value, making them ideal for everyday transactions, savings, and international transfers. They allow users to transfer funds quickly and securely without the volatility typically associated with other digital currencies.

At Movo, stablecoins play a crucial role in facilitating fast, cost-effective, and reliable cross-border transactions, providing you with a convenient and secure way to manage your money globally.