# How to create a stablecoin?

**URL:** <https://forum.algorand.co/t/how-to-create-a-stablecoin/5967>\
**Category:** General\
**Created:** [February 6, 2022, 9:38am UTC](https://forum.algorand.co/t/how-to-create-a-stablecoin/5967 "2022-02-06T09:38:13Z")\
**Posts on this page:** 1\
**Showing post:** 1

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**Author:** ![Mkousaki](https://avatars.discourse-cdn.com/v4/letter/m/e19adc/32.png) [@Mkousaki](https://forum.algorand.co/u/Mkousaki)\
**Post date:** [February 6, 2022, 9:38am UTC](https://forum.algorand.co/t/how-to-create-a-stablecoin/5967/1 "2022-02-06T09:38:13Z")

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Hi guys. Me and my cousin have a specific project in my country (in Africa). People don’t trust PayPal and all that, they trust the bank and mobile payments. But the banks don’t have API’s to connect to an online store, that would work as a bank transfer (offline payment), only one accepts payment with API but to get it, you need to be a business and it takes more than 2/3 Months, Algorand might be the solution so we want to create a stablecoin pegged to our currency. Is asset management on myalgo able to create one? If not, how to? We want to avoid volatility. Sorry for the journal. 😅

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