What are Stablecoins?

What are Stablecoins and how did they come about?

The financial world was completely disrupted by the advent of cryptocurrencies, as well as their first manifestation in 2009 — Bitcoin, by the mysterious Satoshi Nakamoto. Since then many different forms of cryptocurrencies came into existence. One general drawback or benefit (depending on how you think about it) is that the majority of cryptocurrencies have a history of…