Stablecoins play a huge role in decentralized finance (DeFi) applications by providing stability to the ecosystem. Since they are pegged to real-world assets like the US dollar, they reduce the price volatility that we often see with other cryptocurrencies. This makes them perfect for lending, borrowing, and staking in DeFi platforms. For example, you can use stablecoins like USDT or USDC as collateral to earn interest or take out a loan, without worrying about sudden price drops. It’s exciting to see how stablecoins are making DeFi more accessible and reliable.
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