hey folks!
This is a smart contract repository that was produced as part of the learning and development process.
A decentralized stablecoin is a type of cryptocurrency that is designed to maintain a stable value relative to a specific asset or a basket of assets. Unlike traditional cryptocurrencies, which are known for their price volatility, stablecoins offer stability by pegging their value to assets such as fiat currencies like the US dollar, commodities like gold, or a combination of different cryptocurrencies.
Decentralized stablecoins typically employ various mechanisms to ensure price stability. Some stablecoins are backed by collateral, meaning they hold reserves of the underlying asset(s) in a transparent manner. Others utilize algorithms and smart contracts to automatically adjust the coin's supply based on market demand, effectively stabilizing its value.
Foundry is a blazing fast, portable and modular toolkit for Ethereum application development written in Rust.