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Stablecoin is a well known cryptocurrency but its not actually a exact crypto coin or token like bitcoin, Ethereum nor ERC20.
That is why it is known stablecoin and it is done by backing some real world asset like fiat, gold, silver, USD etc with any tokens like Ethereum ERC20 token or others.
And the very famous as well as familiar stablecoin is Tether, most of the peoples know about the Tether and are very eager to create a stablecoin like Tether.
When the stablecoin is pegged with any token, it is executed via smart contract and also stablecoins are regulated on-chain using the smart contract.
When there is need of finance by stablecoin, it can be done and recorded in smart contract.
Thus, short and sweet stablecoin is the great aid for all crypto folks.