Hi dear @jasminemary Thanks for taking part in the challenge you have written well about the topic.

You are very right Luna and Ust crash was the great loss for the cryptoworld and in this crash many of the people loss their assets.

It is great loss when there are no more amount of funds are present to backedup the stability of the coins.

In the stabilize form these coins prove good for the traders in holding etc.Another benefits is that it does not fluctuate its price suddenly while making the transactions.

Stablecoins is not volatile like Bitcoin, Ethereum and other cryptocurrencies.

This increases the trust of the users on the stable coins and chosse it while staking and holding .

Good explanation.Thanks for sharing. Good luck for the contest.