Stablecoins are a type of cryptocurrency that is pegged to a fiat currency, such as the US dollar. This makes them less volatile than other cryptocurrencies, which makes them more attractive to traders and investors. In recent months, the popularity of stablecoins has grown significantly. There are a number of reasons why stablecoins are becoming more popular. First, the growing popularity of decentralized finance (DeFi) is driving demand for stablecoins.