DeFi stands for Decentralized Finance.

It refers to the open movement when it comes to creating permissionless and open-source financial services that are transparent, trustworthy, and reliable.

Stablecoins are cryptocurrency whose value is pegged against the US dollar -- giving the necessary stability to digital cryptocurrency required for financial activities such as asset exchange, loans, and so on!Why is DeFI important?

This means that DeFi is going to change how money operates in our lives.

The importance of DeFi can also be gauged by the fact that it offers equal participation to everyone and also allows the authority distribution -- allowing everyone equal space to all participants.

This gives them a distinct advantage compared to business which is managed by institutions and organizations.