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Crypto

Stablecoin

A token designed to hold a steady value against a reference, usually the US dollar. Most are backed by reserves of cash and short-term government debt; some instead rely on algorithms or crypto collateral.

Also called stablecoins · USDT · USDC

A token designed to hold a steady value against a reference, usually the US dollar. Most are backed by reserves of cash and short-term government debt; some instead rely on algorithms or crypto collateral.

Why it matters

Stability depends entirely on the backing and the issuer's ability to honour redemptions. Algorithmic designs have failed outright.

Related terms

  • Peg
  • Depeg
  • Collateral

Keep reading

NFT A token representing a unique item rather than an interchangeable unit, recorded on a… Wallet Software or hardware that stores the private keys controlling crypto assets. Hot wallets are… Staking Committing tokens to help secure a proof-of-stake network, earning newly issued tokens and fees… Node A computer that keeps a copy of a blockchain and checks new transactions against… DeFi Financial services — lending, trading, derivatives — built from smart contracts rather than intermediaries,… Self-Custody Holding your own keys rather than leaving assets with an exchange or custodian.