The rise of decentralized finance (DeFi) has led to a surge in the adoption of stablecoins. These cryptocurrencies are pegged to the value of fiat currencies, providing a stable store of value and facilitating transactions. With the increasing popularity of DeFi platforms and applications, stablecoins are likely to play a crucial role in the future of digital finance.

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Stablecoins' stability and scalability make them an attractive option for DeFi users, enabling seamless transactions and reducing volatility risks.