Stablecoins have existed in the cryptocurrency space for a few years, but only gained prominence in the last year or so. Stablecoins are cryptocurrencies that are backed by other assets or benchmarks, such as the US Dollar, and, as the name suggests, they are stable in nature or are at least intended to be so. Bitcoin is known for its volatility and that has led some people to believe that, while it is a good store of value, it may not be the most convenient form of payment. Stablecoins that gained a lot of popularity, thanks to Tethers USDT, are now flooding the cryptocurrency market. There are over one hundred different stablecoin projects that exist in the market today with several more still to be launched in the coming year. Cryptocurrencies are gaining traction not only from retail investors, but also from institutional investors, which makes it the most apposite time to discuss their role in mass adoption.
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https://www.etoro.com/blog/market-insights/what-role-will-stablecoins-play-in-crypto-mass-adoption/ For mass adoption to take place, a good advertising and more relevance to the current trends in the market is what this industry needs. The crypto industry is well known for its volatility that is why some people cannot risk their money for it. But mass adoption will give more sense of security since it shows that cryptocurrencies are indeed useful in this era. Hopefully, more crypto, not just stablecoins, will be highlighted for adoption to expand to other markets.