A stablecoinStablecoins are a cryptocurrency pegged to "stable" reserves, such as the USD or gold. Because of its peg to a... Read More is a type of cryptocurrency that is designed to maintain a stable market price. Recently, this type of digital currencies has grown in popularity, and we now have numerous stablecoin projects. Although the exact mechanisms vary from one coin to another, stablecoins are supposed to be somewhat resistant to market volatility, so they should not experience significant price changes. Many stablecoins have their values fixed by pegging them to the price of another asset. While most of them are pegged to the US dollar, there are stablecoins pegged to the price of other cryptocurrenciesA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by..., or even commodities, like silver or gold. By being pegged to real-world assets, these coins avoid the wild price swings caused by the high levels of volatility, very common in cryptocurrency marketsA cryptocurrency market is a digital marketplace where traders can buy and sell cryptocurrencies using different fiat currencies or altcoins.... Read More.
