====== Stablecoin ======
[[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]]

A **Stablecoin** is a class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset. **Stablecoins** have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of payments of cryptocurrencies, and the volatility-free stable valuations of fiat currencies.

  * **Stablecoins** are cryptocurrencies that attempt to peg their market value to some external reference.
  * **Stablecoins** may be pegged to a currency like the U.S. dollar or to a commodity's price, such as gold.
  * **Stablecoins** achieve their price stability via collateralization (backing) or through algorithmic mechanisms of buying and selling the reference asset or its derivatives.

Source: [[https://www.investopedia.com/terms/s/stablecoin.asp ]]


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