A global stablecoin is a type of digital currency designed to maintain a stable value, typically pegged to a reserve of assets like fiat currency or commodities. The goal is to combine the benefits of cryptocurrency, such as fast transactions and low fees, with the stability of traditional currencies.These stablecoins are usually backed by assets held in reserve, ensuring that their value remains consistent. For example, a stablecoin pegged to the US dollar would aim to maintain a 1:1 valuation with the dollar. This stability makes them appealing for everyday transactions, remittances, and as a store of value.Global stablecoins can facilitate cross-border payments, making it easier for people and businesses to transact internationally. They are seen as a potential solution for reducing reliance on existing financial systems and improving access to financial services in underserved regions. However, they also raise concerns regarding regulation, monetary policy, and the stability of the underlying reserves.