A "stablecoin" allows traders to move in and out of cryptocurrency positions to a stable currency quickly, without converting to true USD, which is slow to proc

A "stablecoin" allows traders to move in and out of cryptocurrency positions to a stable currency quickly, without converting to true USD, which is slow to process. It also allows the transfer of stable value (payments, remittances) on the blockchain, rather than transferring volatile currencies and converting them to USD, incurring the risk of price fluctuation and conversion fees. A stable coin is a very valuable asset to the ecosystem.