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1. • • Stablecoins are cryptocurrencies with a peg to other assets, such as fiat currency or commodities held in reserve. The intent behind them is to create a crypto asset with much lower price volatility, which makes them better for use in transactions.
     www.investopedia.com/terms/s/stablecoin.asp

     Stablecoins: Definition, How They Work, and Types - Investopedia

2. People also ask

   What is a stablecoin?

   • It is an asset that could be created, for example, by a technology company, rather than by a bank. Stablecoins are backed by a specified asset or basket of assets which they use to maintain a stable value against that asset.

   What are stablecoins and how do they work? | Bank of England

   www.bankofengland.co.uk/explainers/what-are-stablecoins-and-how-do-they-work?sf183447653=1

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   Are stablecoins bitcoins?

   • Stablecoins are not bitcoins. Stablecoins aim to provide an alternative to the high volatility of popular cryptocurrencies, which can make cryptocurrency less suitable for common transactions. How Do Stablecoins Work? Stablecoins attempt to peg their market value to some external reference, usually a fiat currency.

   Stablecoins: Definition, How They Work, and Types - Investopedia

   www.investopedia.com/terms/s/stablecoin.asp

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   Why do stablecoins exist?

   • Except ... that’s not exactly true because stablecoins can also be algorithmically tied to any type of fiat (government) currency – including the euro, Australian dollars and others – as well as other forms of physical assets, like gold. No matter the type, stablecoins exist to make cryptocurrency more predictable.

   What's the Point of Stablecoins? The Reasons, Risks and ... - CoinDesk

   www.coindesk.com/learn/whats-the-point-of-stablecoins-understanding-why-they-exist/

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   How does a stablecoin'reserve' work?

   • Usually, the entity behind a stablecoin will set up a "reserve" where it securely stores the asset or basket of assets backing the stablecoin – for example, $1 million in an old-fashioned bank (the kind with branches and tellers and ATMs in the lobby) to back up one million units of a stablecoin.

   What Are Stablecoins? Understanding How Stablecoins Work - CoinDesk

   www.coindesk.com/learn/what-is-a-stablecoin/

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   Are stablecoins better than volatile cryptocurrencies?

   • Stablecoins are more useful than volatile cryptocurrencies as a medium of exchange. Stablecoins may be pegged to a currency like the U.S. dollar or the price of a commodity such as gold. Stablecoins pursue price stability by maintaining reserve assets as collateral or through algorithmic formulas that are supposed to control supply.

   Stablecoins: Definition, How They Work, and Types - Investopedia

   www.investopedia.com/terms/s/stablecoin.asp

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   Are stablecoins a digital currency?

   • You might already know that stablecoins are basically dollars in digital form. Except ... that’s not exactly true because stablecoins can also be algorithmically tied to any type of fiat (government) currency – including the euro, Australian dollars and others – as well as other forms of physical assets, like gold.

   What's the Point of Stablecoins? The Reasons, Risks and ... - CoinDesk

   www.coindesk.com/learn/whats-the-point-of-stablecoins-understanding-why-they-exist/

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3. www.investopedia.com › terms › sStablecoins: Definition, How They Work, and Types - Investopedia

   www.investopedia.com › terms › s

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   Jun 13, 2024 · Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference. Stablecoins are more useful than volatile cryptocurrencies as a medium of exchange.

4. www.bankofengland.co.uk › explainers › what-areWhat are stablecoins and how do they work? | Bank of England

   www.bankofengland.co.uk › explainers › what-are

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   Nov 6, 2023 · Stablecoins are a form of digital asset that can be used to make payments. They tend to be less volatile than cryptoassets. That is because their value is tied to other, stable, assets.

5. Videos

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     What is Stablecoin? How to create a Stablecoin ? | Stablecoin Development

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6. www.coindesk.com › learn › what-is-a-stablecoinWhat Are Stablecoins? Understanding How Stablecoins Work

   www.coindesk.com › learn › what-is-a-stablecoin

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   Sep 16, 2022 · Stablecoins are a type of cryptocurrency whose value is tied to another asset class to keep a stable, steady value. The most popular kind of stablecoins are fiat-backed stablecoins, which are...

   • Email: alyssa@coindesk.com

7. www.coindesk.com › learn › whats-the-point-of-stableWhat's the Point of Stablecoins? The Reasons, Risks and Types ...

   www.coindesk.com › learn › whats-the-point-of-stable

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   Sep 16, 2022 · Stablecoins generally work the same across the board: They are cryptocurrencies minted on a blockchain that users can buy, sell and trade on an exchange just like any other crypto coin.

8. www.forbes.com › sites › digital-assetsWhat Are Stablecoins And How To Use Them For Payments - Forbes

   www.forbes.com › sites › digital-assets

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   5 days ago · Stablecoins are cryptocurrencies designed to maintain a stable value relative to a specific asset or basket of assets. Unlike traditional cryptocurrencies such as...

9. www.coinbase.com › what-is-a-stablecoinWhat is a stablecoin? - Coinbase

   www.coinbase.com › what-is-a-stablecoin

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   Stablecoins are a type of cryptocurrency whose value is pegged to another asset, such as a fiat currency or gold, to maintain a stable price. They strive to provide an alternative to the high volatility of popular cryptocurrencies, making them potentially more suitable for common transactions.

10. www.forbes.com › cryptocurrency › stablecoinsWhat Are Stablecoins? – Forbes Advisor

    www.forbes.com › cryptocurrency › stablecoins

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    Aug 17, 2022 · A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable.” For example, if functioning correctly a stablecoin pegged to...