STABLECOINS

What Does STABLECOINS Mean?

STABLECOINS are cryptocurrencies with their value pegged to an external reference.

STABLECOINS are cryptocurrencies that are designed to be less volatile than those such as Bitcoin.

The value of a STABLECOIN may be pegged to a fiat currency, such as the US dollar, or to the price of a commodity, such as gold. There are also algorithmic stablecoins, the value of which is based on an algorithm which can issue more coins when its price increases and buy them off the market when the price decreases.

US dollar USD backed stablecoins include Tether (USDT), USD Coin (USDC) and TrueUSD (TUSD).

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Summary of Key Points

"Cryptocurrencies with Value Pegged to an External Reference" is the most common definition for STABLECOINS on Snapchat, WhatsApp, Facebook, Twitter, Instagram, and TikTok.
STABLECOINS
Definition:Cryptocurrencies with Value Pegged to an External Reference
Type:Word
Guessability:
3: Guessable
Typical Users:
Adults and Teenagers

Example of STABLECOINS Used in a Text

STABLECOINS

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See Also

Glossary of Cryptocurrency Terms Currency Symbols ALTCOINS (alternative currencies (cryptocurrency term)) BTFD (buy the f*cking dip (cryptocurrency term)) FIAT (government supported currency) HODL (hold on for dear life (cryptocurrency term)) ICO (initial coin offering (cryptocurrency term)) REKT (financially ruined (cryptocurrency term)) SATOSHI (smallest unit of bitcoin (cryptocurrency term))