The fact that the cryptocurrency market is growing rapidly is undisputed. It was highlighted best by recent industry total capitalization. hittingAlthough the mark of $3 trillion was only reached for a very short period, it is still significant.

That said, stablecoins, a class of cryptos that have their value pegged to a fiat currency, have seen their usage increase dramatically in recent months thanks, in large part, to their ability to help investors get their feet wet with digital currencies while eliminating many of the core issues — such as daily price volatility — currently affecting the crypto market.