What Is Stablecoin?

A stablecoin is a type of cryptocurrency whose value is tied to an asset such as the U.S. dollar or gold to maintain a stable price. Stablecoins aim to provide price stability and reduce volatility compared to other cryptocurrencies.

Example stablecoins include

  • Circle USD - USDC.

  • Binance dollar - BUSD

  • Tether dollar - USDT

See also