What is stablecoin?

Stablecoin is a type of cryptocurrency that is designed to maintain a stable or pegged value to a specific asset, such as the US Dollar or other fiat currency, or to another cryptocurrency, such as Bitcoin. Most stablecoins enjoy some form of price stability through their ability to maintain a fixed amount of one type of asset in reserve in a public ledger. This system is sometimes referred to as a “collateralized peg.”

OpenSea Page

Telegram channel