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Stablecoins are cryptocurrencies that aim to maintain a stable value by pegging them to reserves of tangible value, such as a currency like the U.S. dollar or gold. The total market capitalization of all stablecoins recently reached $138 billion, showing significant growth and implying a rising demand for these digital tokens. Additionally, the trading volume has also increased by 4.5% this month which suggests an uptick in their use. The increased use of stablecoins may be due to several reasons