Stablecoin: meaning, definitions and examples
๐ฑ
stablecoin
[ หsteษชbษlหkษษชn ]
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.
Synonyms
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:
๐ต๐น stablecoin
๐ฎ๐ณ เคธเฅเคฅเคฟเคฐ เคฎเฅเคฆเฅเคฐเคพ
๐ฉ๐ช Stablecoin
๐ฎ๐ฉ Stablecoin
๐บ๐ฆ ััะตะนะฑะปะบะพัะฝ
๐ต๐ฑ stablecoin
๐ฏ๐ต ในใใผใใซใณใคใณ
๐ซ๐ท stablecoin
๐ช๐ธ stablecoin
๐น๐ท stablecoin
๐ฐ๐ท ์คํ ์ด๋ธ์ฝ์ธ
๐ธ๐ฆ ุนู ูุฉ ู ุณุชูุฑุฉ
๐จ๐ฟ stablecoin
๐ธ๐ฐ stablecoin
๐จ๐ณ ็จณๅฎๅธ
๐ธ๐ฎ stablecoin
๐ฎ๐ธ stablecoin
๐ฐ๐ฟ ัาฑัะฐาัั ะผะพะฝะตัะฐ
๐ฌ๐ช แกแขแแแแแแแแแ
๐ฆ๐ฟ sabitcoin
๐ฒ๐ฝ stablecoin
Word origin
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.