Stablecoins are a type of digital currency designed to be a digital version of the US dollar, with each stablecoin representing one US dollar. It's also known as a stablecoin, which means that its value is meant to be stable.
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Overall, stablecoins are a digital currency that aim to provide the benefits of cryptocurrency, such as fast and secure transactions, while also offering the stability and reliability of traditional fiat currencies like the US dollar

When you top up your Stables account your money it’s automatically converted to stablecoins in your wallet, and all transactions in the Stables ecosystem are conducted in stablecoins. When you move money from Stables into your bank account it’s automatically converted into whatever currency you want.

Stablecoins are backed by real US dollars that are held in reserve by regulated financial institutions. This is meant to ensure that for every stablecoin in circulation, there is an equivalent amount of US dollars held in reserve. This helps to provide confidence in the value of digital dollars and reduce the risk of price fluctuations.

Stablecoins can be used for a variety of purposes, including sending and receiving payments, buying and selling goods and services online, and even as a form of investment.

Stables uses stablecoins as its primary medium of exchange and store of value. All balances held in Stables wallets are stored in stablecoins.

For convenience you can also display your balance in any other supported currency, which can be set in Settings in the app. Underneath it all, though, payments, transfers and storage happen using stablecoins and so the value in your display currency may change somewhat as exchange rates move.

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