Stablecoins are generally known for its name, its a sort of cryptocurrency which is used to stabilize the cryptocurrency value. These stablecoins are formed by pegging the tokens with some real-world asset like fiat, gold, etc.
Generally, there are four types of stablecoins they are,
Fiat-backed Stablecoin
Commodity-backed Stablecoin
Crypto-backed stablecoin
Non-Collaterlized stablecoin
Know more about stablecoin development in detail, click Developcoins.