Love Crypto But Not Its Volatility? Meet Stablecoins2

One of the biggest hurdles facing digital currencies is their extreme volatility. Bitcoin traded near $20,000 in December 2017 only to plummet to around $6,000 two months later — a range of price swings that makes Bitcoin nearly unusable for business owners or consumers. For some, the answer is a stable cryptocurrency, or stablecoin. While the idea isn't entirely new and the best-known example, Tether, has been trading since 2015, a host of new stablecoins hit the market last year.

Digital assets sometimes referred to as coins, sometimes as tokens, that are designed to keep their value. That is, to experience only the milder kind of volatility seen in traditional currencies. Tether, for instance, always trades for about $1.

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