Pls I'd like to be enlightened on the importance of stable coin in the crypto space... I hear Facebook coin will be a stable currency... what are the use of stable coins??
Stable coin's price would be fixed with any fiat currency in circulation. It would make it's price highly stable. Being stable in price, users can anytime convert it into fiat of vice versa without have to deal with the exchange rates.
As for why do we need stablecoin, fiat currency is troublesome to transact digitally and moreover troublesome to transact internationally. One of the reasons facebook is having trouble getting advertisement is the payment processor integrated in it are not supported worldwide.