Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some “stable” asset or basket of assets. A stablecoin can be pegged to a currency, or to exchange traded commodities. Examples of the best-known stablecoins include Tether (USDT) TrueUSD (TUSD) Gemini dollar (GUSD) USD coin by Circle and Coinbase…