Stablecoins and their Monetary and Economic Effects

Abstract

Stablecoins are one of the classes of modern digital currencies, which are digital assets designed to maintain a constant value against a reference currency, which is usually the US dollar, to support financial stability after the exposure of some cryptocurrencies to severe price manipulations. The use of stablecoins results in monetary and economic effects, such as influencing the money supply and the achievement of monetary policy goals. In Iraq, the digital environment is still at the beginning of the journey in order to access the digital world, which is rapidly accelerating, during the beginning of the creation of the digital dinar.