Glossary > Stablecoin

Stablecoin

What is a stablecoin?


A stablecoin is a kind of cryptocurrency token that is backed one on one by another asset. It could be backed with fiat or a traded commodity (such as metals for example). Stablecoins price is steadier unlike other cryptocurrencies such as Bitcoin.

The first stablecoin by market capitalization is Tether (USDT). Other well-known stablecoins are USD Coin (USDC), Binance USD (BUSD)…