Why Are Stablecoins Important for DeFi Platforms?

[kurenai]

Stablecoins are the backbone of decentralized finance, providing a stable medium for lending, borrowing, and staking. Their predictable value ensures that users can engage in DeFi activities without worrying about price swings. This stability enables more reliable financial planning and smooth operations on blockchain platforms.

 

[Dustin]

Stablecoins are crucial for DeFi platforms because they provide price stability, enabling users to trade, lend, and borrow without worrying about crypto market volatility.