How stable coins are used in crypto or digital space?

Stablecoins are a new type of digital asset and have various use cases. Here are some examples I’ve considered:

1. Hedging

Stablecoins can be used to hedge against the price volatility of cryptocurrencies. This is similar to docking a ship in a harbor for protection.

2. As a means of liquidity management

You can use stablecoins to quickly secure liquidity without converting your cryptocurrency holdings into fiat currency. This allows you to hold readily accessible assets digitally.

3. As a means of arbitrage

You can use stablecoins to quickly move funds and take advantage of price differences between different exchanges.

4. Earning interest in DeFi

You can earn interest through DeFi protocols. For example, the “Dollar Zamai” fund within xWIN.Finance falls under this category.

Here is link about dollar Zamai

https://xwin.medium.com/one-of-the-index-dollar-zanmai-at-xwin-finance-314be106e9da

5. For payment settlements

Stablecoins can be used to efficiently settle payments. This is particularly useful for transactions with parties in other countries.

Stablecoins offer price stability, but there are important aspects to consider. It’s crucial to understand the mechanics, issuer, and regulatory aspects of specific stablecoins before using them.

In Japan, JPYC is a dominant stablecoin. Personally we know JPYC organization and feel great one.