Stablecoins, cryptocurrencies whose price must be pegged to a real asset such as a national currency or gold, are important components of the crypto market and serve as a bridge between fiat money and digital assets. They are increasingly popular for non-crypto activities in emerging regions such as Latin America and Southeast Asia, with applications ranging from dollar savings, payments and cross-border transactions, a fresh report according to venture capital firm Castle Island and hedge fund Brevan Howard Digital.
