As its name may hint out, a “stablecoin”is a class of crypto/digital assets that are tasked with the preservation of stability in its value.

     Stablecoins play an important role in a digital economy by minimizing volatility and thereby becoming a predictable & reliable source for financial activities such as paying salaries or collateralizing loans.

     Stablecoins mimic traditional fiat assets such as the USD, JPY, AUD, CAD, EURO, by backing the digital assets with collateral (at a 1:1 ratio). However, as the technology began to improve, different flavors of Stablecoins came to the market. Rather than just being backed by traditional fiat, stablecoins such as DAI, are backed by other cryptoassets. Some more radical experiments, such as Amples attempt to create stablecoins through algorithmic supply-demand dynamics.

      Related Terms:


BTC: bc1qcskmel9llhrdqj3arxyqnennx4ashvfutlreyy
LTC: ltc1qa0fj4lcu5365rep50aza5fqqvx8ef0afemh6s5
ETH: 0x071D72dbc48ad2Fe35daE256eCF0834C5dde688c
DASH: XgXHqVyJiQNdVVszH9cnqCP4uWcP8tVxdK
BNB: bnb1mau4j8kry0jgw45ufy69hvhd0k04llet8fk2p6

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