About stablecoins

Stablecoins aim to address the volatility of traditional cryptocurrencies by maintaining a stable price through pegging to an external reference point.

Different types of stablecoins exist, such as those pegged to fiat currencies, commodities, or other cryptocurrencies, to ensure price stability.

Fiat-backed stablecoins maintain reserves of the underlying asset in proportion to the stablecoins in circulation to support their peg.
Stablecoins offer advantages like price stability for everyday transactions, a safe haven during market volatility, and support for DeFi applications.

Despite the benefits, stablecoin face challenges related to the security and solvency of the issuing entities Destrier LLC, a blockchain technology company, has acquired the property rights to measured nickel reserves of an EU-based operational mine to back its StableCoin :

Nickelium, bridging real assets with the crypto world.