Stablecoins: The Digital Dollar Layer of the Onchain Economy
Stablecoins are digital assets designed to maintain a stable value, most commonly pegged to fiat currencies such as the U.S. dollar. Within the crypto economy, they function as the primary unit of account, settlement layer, and liquidity base. By enabling value to move efficiently across exchanges, blockchains, and financial applications, stablecoins reduce the friction created by volatility and fragmented infrastructure. As a result, they have evolved from simple trading tools into a foundational layer of the onchain financial system.