stablecoin
Noun
Meaning
stablecoin (plural stablecoins)
A cryptocurrency with price stability by design, often pegged to a stable asset such as the US dollar.
Anagrams
Examples
If the issuer does not have this fiat available in a liquid form, the stablecoin and hence the backer of the stablecoin would crash.
Choosing a stablecoin that is less costly to use even when transactions volumes are surging is a no brainer.
They need to co-ordinate their oversight of the total stablecoin issuance.
The idea is such that owning a stablecoin is essentially owning the real-world asset — through a digital proof of ownership.