«Since we need stability, it would be nice to create digital currencies that will take full advantage of classical cryptocurrency, but they will also be convenient to use, as well as conventional money (for example, USD, EUR).
These universal currencies could have a blockchain, decentralization and a fixed stable rate.
And, of course, some blockchain developers realized that such currencies would be in demand, so teams began to develop various stablecoins.»
Just sharing a text written by Max Profit and you can read the rest here:
https://medium.com/@max_profit/stablecoins-the-future-of-crypto-1beed0733981