6 May, 2019
StablecoinPosted on : by : BlockGlossary
Meaning Of Stablecoin
It means the crypto coin/token is less volatile in price usually pegged to a specific currency like USD. Thus, 1Stablecoin is considered to be equal 1USD if pegged to it with a USD equivalent of it in a bank account.
Example of Stablecoin
USDT, PAX, TUSD, USDC etc.
1Stablecoin = 1USD; 1Stablecoin = 1Yen etc.« Back to Dictionary Index