Dustin
Member
Stablecoins are a cornerstone in DeFi applications because they offer price stability in a volatile crypto market. They allow users to lend and borrow assets without worrying about drastic value changes. In decentralized exchanges, stablecoins provide a steady trading pair, making transactions smoother. They also enable yield farming, where users can earn interest by providing liquidity in stablecoins. By bridging traditional finance and crypto, stablecoins make DeFi more accessible and practical for everyday use.