A token designed to hold a steady value, usually pegged to a currency like the US dollar. Stablecoins let people trade and hold value on-chain without volatility. USDC and USDT are backed by reserves, while others use algorithms or crypto collateral to maintain their peg.
Web3 Basics
Stablecoin
Related terms in Web3 Basics
Web3
The vision of an internet built on public blockchains where users own their data, assets, and identity instead...
Blockchain
A shared database duplicated across thousands of computers, where records are grouped into blocks and linked i...
Cryptocurrency
Digital money secured by cryptography and recorded on a blockchain, allowing people to send value directly wit...
Token
A digital asset created and managed by a smart contract on an existing blockchain, rather than having its own ...