Browsing: Stablecoin

What Is a Stablecoin?

A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset such as Gold or the U.S. dollar. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of digital currencies, and the fiat currencies like stability.

TrueUSD (TUSD), USD Tether (USDT), USD Coin (USDC), Diem, nUSD, and Dai are some examples of stablecoin.

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