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Stellar also supports the creation of stablecoins [1], which tend to have a consistent price relative to some other asset (Often USD). The way stellar works is
by anchpop 7y ago
Stellar also supports the creation of stablecoins [1], which tend to have a consistent price relative to some other asset (Often USD).
The way stellar works is pretty smart, if I have some currency on the stellar network and you only accept some other currency, it automatically looks for people willing to exchange them to find you a good rate. So even if few people use your favorite stablecoin you can still accept payments in it.
[1]: https://cointelegraph.com/news/ibm-backs-new-us-dollar-pegged-stablecoin-that-runs-on-stellar-network https://cointelegraph.com/news/ibm-backs-new-us-dollar-pegge...