Stablecoin

A stablecoin is a digital currency whose value remains the same. Often this is done by pegging the stablecoin 1 to 1 to another asset such as the dollar. In this way, the value of this digital coin is always equal to one dollar. A stablecoin does not need to be pegged by a currency. It can also be backed by stocks or other assets. Well-known examples of stablecoins are USDT, USDC and DAI.

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Cryptopedia: Stablecoin