Build Your Own Ethereum Stablecoin
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Stablecoins are cryptocurrencies that tackle price volatility effectively. It maintains a stable value as it is pegged to a currency like USD or EUR or any precious metal like gold or silver. Stablecoins have several advantages such as diversifying portfolios during times of market instability, used for daily transactions, improving return on investment by minimizing market volatility, and for payment of loans. It can also be utilized as a store of value.
A majority of stablecoins run on Ethereum, an open software platform based on blockchain technology.
To become popular and be widely adopted, a stablecoin has to be made easy to use. It must support a high volume of transactions and maintain different on-chain and cross-chain mechanisms. Know more at - https://www.blockchainappfactory.com/blog/how-to-create-a-stablecoin-on-ethereum/