Meaning of the word Stablecoin in English
What does Stablecoin mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
Stablecoin
US /ˈsteɪ.bəl.kɔɪn/
UK /ˈsteɪ.bəl.kɔɪn/
Noun
a type of cryptocurrency designed to maintain a stable value, typically by being pegged to a fiat currency like the US dollar or to a commodity like gold
Example:
•
Many investors use stablecoins to avoid the volatility of other cryptocurrencies.
•
The value of a stablecoin is typically pegged to a traditional asset.