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What are stablecoins? Empty What are stablecoins?

Wed Nov 23, 2022 2:06 pm
Stablecoins are different from Bitcoin and many other altcoins as they tie their value to an asset – this may mean being pegged to a fiat currency (such as USD), another more established cryptocurrency, or a commodity like gold as a means to stabilise its price. Stablecoins are more useful than more-volatile cryptocurrencies as a medium of exchange. Stablecoins may be pegged to a currency like the U.S. dollar or to the price of a commodity such as gold.
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