Stablecoins promise fast, cheap, and borderless money in the world of crypto. But > reveals a big secret: much of their magic happens off the flashy blockchain. Old-school tech like regular databases does the heavy work. This hybrid setup helps stablecoins grow while meeting strict rules.

What Are Stablecoins, Anyway?

Stablecoins are digital tokens pegged to real money, like the US dollar. Think USDT or USDC. They stay steady at $1 each, unlike wild Bitcoin. Companies use them for payments, trading, and holding value without bank hassles.

The hype says blockchains make everything trustless and decentralized. But dig deeper. Stablecoins mix blockchain with traditional systems. Blockchain moves tokens. But key jobs like tracking balances,…