The drastic price movements of many cryptocurrencies are a concern for investors, but especially for anyone just starting in crypto. The rapid changes in value make it difficult to get acclimated to the crypto space and hard to decide when to make purchases.
Stablecoins were created to address these issues.
Although stablecoins are designed to maintain steady prices, perfect tracking is not often possible. Even multi-billion dollar ETFs can momentarily deviate from the underlying value they are intended to represent.
Tether (USDT) and USD Coin (USDC) are two of the most popular stablecoins.