What is stablecoin used for?

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The primary use for a stablecoin is facilitating trades on crypto exchanges . Instead of buying bitcoin directly with fiat currency, like the US dollar, traders often exchange fiat for a stablecoin — and then execute a trade with the stablecoin for another cryptocurrency like bitcoin or ether.

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Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network . An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding).