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.
Definition:Cryptocurrencies with Value Pegged to an External Reference
3: Guessable
Typical Users:
Adults and Teenagers

Example of STABLECOINS Used in a Text


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