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STABLECOINS

What Does STABLECOINS Mean in a Text?

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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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When I write STABLECOINS, I mean this:

meaning of STABLECOINS

"Cryptocurrencies with Value Pegged to an External Reference"

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:guessability level 3

3: Guessable

Typical Users:typical user
Adults and Teenagers

Example of STABLECOINS Used in a Text

STABLECOINS
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