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What Are Stablecoins and How Do They Relate to Fungibility?

Stablecoins are a class of cryptocurrencies designed to minimize price volatility, typically by being pegged to a "stable" asset like the US dollar. Since one unit of a specific stablecoin (e.g.

USDC or DAI) is intended to be exactly equal to any other unit, they are highly fungible. This fungibility is essential for their role as a medium of exchange and a stable store of value in the volatile crypto market.

What Role Do Stablecoins (Fungible Tokens) Play in Providing Base Liquidity for Options Trading On-Chain?
How Does the Token’s Fungibility or Non-Fungibility Affect Its Integration into the Business?
How Are Stablecoins Different from Other Cryptocurrencies?
In Options Trading, How Would a Fungible Token Option Be Settled versus a Non-Fungible Token Option?