Australian rapper Iggy Azalea has made headlines once again, this time for her foray into the world of cryptocurrency with her viral meme coin, Mother Iggy (MOTHER). Despite the immense success of her token, Azalea is adamant that she's not a rug-puller and is determined to explore potential long-term use cases for her cryptocurrency.

In a recent interview with Fortune, Azalea revealed her intention to transform the meme coin into a stablecoin, indicating her commitment to establishing a more stable and viable cryptocurrency in the market. This move signifies Azalea's strategic vision for the future of MOTHER beyond its initial hype-driven surge.

Azalea's journey into the crypto space began in 2020, as she casually observed the industry's developments before ultimately launching her own coin. The decision was expedited by an impersonation incident where a fraudster attempted to promote another meme coin using Azalea's identity.

Since its launch in late May, MOTHER has captured significant attention, fueled by Azalea's active social media presence and engaging content, ranging from provocative images to humorous memes. The Solana-based token experienced a remarkable surge in market capitalization, reaching nearly $250 million after a notable whale acquisition.

However, despite its impressive gains, MOTHER, like many meme coins, lacks a tangible value proposition beyond its meme status. This has drawn criticism from various quarters, including Ethereum co-founder Vitalik Buterin, who questioned the utility of celebrity-driven meme coins. Azalea responded to Buterin's critique with a dismissive meme, indicating her defiance in the face of detractors.

Despite facing skepticism and criticism, Azalea remains resolute in her conviction, asserting that controversy is intrinsic to the success of meme coins. With her sights set on transforming MOTHER into a stablecoin and exploring potential utility avenues, Azalea embraces the challenges ahead, urging detractors to step aside as she navigates the volatile world of cryptocurrency. #IggyAzalea