Stablecoin
What is Stablecoin?
A cryptocurrency designed to hold a steady value, usually pegged to the U.S. dollar.
Understanding Stablecoin
Stablecoins aim to keep a fixed price, typically $1, by holding reserves such as cash and Treasury bills, or through algorithms.
They are widely used to move money between crypto exchanges. A stablecoin is only as stable as its reserves and the issuer behind it.