Stablecoins are a kind of cryptocurrency designed to maintain a price consistently in line with that of a fiat currency, usually the US dollar. In the past their main use has been as a conduit for traders to move funds in and out of other tokens. But there is now mounting optimism that stablecoins may cement a more prominent role in global commerce — in particular as a tool for cross-border payments.

https://www.bloomberg.com/news/articles/2024-11-27/total-stablecoin-value-tops-terra-era-peak-to-near-200-billion?sref=EcccZSTc