What is Stablecoin?

A cryptocurrency designed to keep a stable value, usually pegged to the US dollar.

Details

Stablecoins are cryptocurrencies whose value is pegged to an asset such as the US dollar — USDT, USDC and DAI are common examples — used for preserving value, pricing and transfers in volatile markets. They are not risk-free: the peg mechanism, reserve transparency and regulatory changes can all affect price and availability. Prefer widely used stablecoins with transparent reserves.

Key Points

FAQ

What is Stablecoin?
A cryptocurrency designed to keep a stable value, usually pegged to the US dollar.
What are the key points about Stablecoin?
Stablecoins are cryptocurrencies whose value is pegged to an asset such as the US dollar — USDT, USDC and DAI are common examples — used for preserving value, pricing and transfers in volatile markets. They are not risk-free: the peg mechanism, reserve transparency and regulatory changes can all affect price and availability. Prefer widely used stablecoins with transparent reserves.
Is this term related to a specific coin?
USDT, USDC, DAI

Related Coins

Related

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