Converting from ADA to a stablecoin

A bit about stablecoins first...

A stablecoin is a type of cryptocurrency that is designed to have a stable value, typically pegged to a fiat currency or a commodity such as gold.

Stablecoins are different from other cryptocurrencies in that they try to keep their prices relatively stable. This makes them useful for transactions and as a way to store value.

Stablecoins can be backed by reserves of the pegged currency or commodity, or may use algorithms to regulate supply and demand in order to keep the price stable. They can be used for a variety of purposes, including trading, remittances, and as a means of payment for goods and services.

Stablecoins are useful as way to reduce the currency volatility risk associated with receiving your project funding as ADA.