Glossary · Tokens & markets
Stablecoin
A token designed to hold a steady value, usually pegged to a currency like the US dollar.
A stablecoin aims to stay at a fixed value, most commonly 1 US dollar, so it can be used for payments and as a stable place to hold value on-chain.
Different stablecoins keep their peg in different ways, and no peg is guaranteed. Understanding how a given stablecoin is backed matters.
Related terms
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Educational only, not financial advice.