Stablecoin usage are increasing day by day because of its well known beneficial feature of reducing volstility & it is very effective when using the asset backed stablecoin. So when asset backing stablecoin is widely categorized in three forms which are commodity-backed, fiat-backed and cryptocurrency-backed. Stablecoins are pegged with some asset which is known as asset backed stablecoin.
Thus ensures asset backed stablecoin ensures safety from any economical crisis and what about hacking or losing the cryptos?. Thus for that in fiat-backed stablecoin the peg is executed via smart contract. Smart Contract is basically build from blockchain so that obviously in safety & security which is widely known with other benefits.
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