Stellar also supports the creation of stablecoins [1], which tend to have a consistent price relative to some other asset (Often USD).
The way stellar works is pretty smart, if I have some currency on the stellar network and you only accept some other currency, it automatically looks for people willing to exchange them to find you a good rate. So even if few people use your favorite stablecoin you can still accept payments in it.
The way stellar works is pretty smart, if I have some currency on the stellar network and you only accept some other currency, it automatically looks for people willing to exchange them to find you a good rate. So even if few people use your favorite stablecoin you can still accept payments in it.
[1]: https://cointelegraph.com/news/ibm-backs-new-us-dollar-pegge...