Sean Stein Smith, an associate professor at Lehman College and advisor for Hyperion, tells The Crypto Radio about the concept of stablecoins. Stablecoins are digital assets pegged to traditional currencies, like the US dollar, to maintain stability. Smith explains that stablecoins, such as USDT and USDC, are managed by issuing entities to maintain a one-to-one ratio with the US dollar, though de-pegging incidents have occurred, such as with USDT in 2022. He highlights the role of stablecoins as entry points into crypto for non-experts and their importance in trading and DeFi operations. Smith also discusses the potential for a limited number of major stablecoins and the future role of banks in onboarding people into crypto.