If you're looking for cryptocurrencies without the crazy price fluctuations, stablecoins are what you need.
Cryptocurrencies are known for their volatility, but there is one type of cryptocurrency that's different. Stablecoins are cryptocurrencies with more stable prices. They accomplish this by tying their value to another asset, such as the U.S. dollar.
Without that volatility, stablecoins don't offer the same potential for huge returns. They do, however, have advantages over more volatile coins that could make them worth buying in certain circumstances.
What are stablecoins?
Stablecoins are a type of cryptocurrency. Each stablecoin ties its value to that of a more stable asset. The most common asset used is fiat money, meaning a government-issued currency. Other assets, such as precious metals, can also be used.
Unlike other cryptocurrencies, most stablecoins have central authorities managing them. The central authority typically purchases the asset tied to the stablecoin and puts it in a reserve. For example, if a stablecoin is tied to the U.S. dollar, then the central authority could put $10 million in a bank to back $10 million worth of the stablecoin.
Examples of stablecoins
Here are the biggest stablecoins by market cap, all of which are tied to the U.S. dollar:
More info:
https://www.fool.com/the-ascent/cryptocurrency/articles/should-you-or-anyone-buy-stablecoins/