Stablecoin: meaning, definitions and examples

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stablecoin

 

[ หˆsteษชbษ™lหŒkษ”ษชn ]

Noun
Context #1 | Noun

digital currency

A stablecoin is a type of cryptocurrency that is designed to have a stable value by being pegged to a reserve asset or a basket of assets. Stablecoins are often used as a medium of exchange or store of value in the crypto world.

Examples of usage

  • Many stablecoins are pegged to the US dollar, such as Tether (USDT) and USD Coin (USDC).
  • Stablecoins provide stability in volatile crypto markets.
  • Users can easily transfer stablecoins between different crypto exchanges.
  • Stablecoins offer a solution to the price volatility commonly associated with cryptocurrencies.
  • Stablecoins are gaining popularity due to their stable value proposition.

Translations

Translations of the word "stablecoin" in other languages:

๐Ÿ‡ต๐Ÿ‡น stablecoin

๐Ÿ‡ฎ๐Ÿ‡ณ เคธเฅเคฅเคฟเคฐ เคฎเฅเคฆเฅเคฐเคพ

๐Ÿ‡ฉ๐Ÿ‡ช Stablecoin

๐Ÿ‡ฎ๐Ÿ‡ฉ Stablecoin

๐Ÿ‡บ๐Ÿ‡ฆ ัั‚ะตะนะฑะปะบะพั—ะฝ

๐Ÿ‡ต๐Ÿ‡ฑ stablecoin

๐Ÿ‡ฏ๐Ÿ‡ต ใ‚นใƒ†ใƒผใƒ–ใƒซใ‚ณใ‚คใƒณ

๐Ÿ‡ซ๐Ÿ‡ท stablecoin

๐Ÿ‡ช๐Ÿ‡ธ stablecoin

๐Ÿ‡น๐Ÿ‡ท stablecoin

๐Ÿ‡ฐ๐Ÿ‡ท ์Šคํ…Œ์ด๋ธ”์ฝ”์ธ

๐Ÿ‡ธ๐Ÿ‡ฆ ุนู…ู„ุฉ ู…ุณุชู‚ุฑุฉ

๐Ÿ‡จ๐Ÿ‡ฟ stablecoin

๐Ÿ‡ธ๐Ÿ‡ฐ stablecoin

๐Ÿ‡จ๐Ÿ‡ณ ็จณๅฎšๅธ

๐Ÿ‡ธ๐Ÿ‡ฎ stablecoin

๐Ÿ‡ฎ๐Ÿ‡ธ stablecoin

๐Ÿ‡ฐ๐Ÿ‡ฟ ั‚าฑั€ะฐา›ั‚ั‹ ะผะพะฝะตั‚ะฐ

๐Ÿ‡ฌ๐Ÿ‡ช แƒกแƒขแƒ”แƒ˜แƒ‘แƒšแƒ™แƒแƒ˜แƒœแƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ sabitcoin

๐Ÿ‡ฒ๐Ÿ‡ฝ stablecoin

Etymology

The concept of stablecoins emerged as a response to the price volatility of traditional cryptocurrencies like Bitcoin and Ethereum. The first stablecoin, Tether (USDT), was launched in 2014 with the idea of maintaining a 1:1 peg to the US dollar. Since then, stablecoins have become an essential part of the crypto ecosystem, providing stability and liquidity to users and businesses. The popularity of stablecoins continues to grow as they offer a reliable medium of exchange and store of value in the crypto market.

See also: stably, unstable.