A lovely and intresting article from you friend on the topic of stablecoins.

The issue of volatility is what I would regard as the major cause of creating stablecoins. For instance, image a service being offered is worth $3.5 and after few minutes of making the trade we see the value of that service becoming a $2.5 worth of asset.

This would cause frustration and grief among Investors at all time, because the value of a service can't be maintained. But with the existence of stablecoins, Investors could make trades and be rest assured that their values are 90% secured and stable.

Since it is pegged to a fiat currency, there are lots of regulations guiding it, reasons Cryptocurrency was introduced was to reduce this regulations.

Of a truth, regulations are usually attached to must stablecoins, as they are pegged to Central currencies and services. Decentralized is supposed to be one of the main feature of a Cryptocurrency, meaning stablecoins are down in transparency.
Thanks for sharing and goodluck in this contest friend.