Stablecoin

What is a stablecoin?

Stablecoin Definition: Stablecoins are cryptocurrencies that have a value that is tied to or pegged to another currency or financial instrument. Thes cryptocurrencies provide more stability as an alternative to volatile crypto assets, which fluctuate widely in value.

This process of tying stablecoins to cryptocurrencies is done for external reference, and they are considered a better, or more useful means of exchange. They are typically pegged or tied to a more stable currency, such as gold or the U.S. dollar.

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