A stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities (such as precious metals or industrial metals), or another cryptocurrency.[1]
In theory, 1:1 backing by a reference asset could make a stablecoin value track the value of the peg and not be subject to the radical changes in value common in the market for many digital assets.[2] In practice, however, stablecoin issuers have yet to be proven to maintain adequate reserves to support a stable value and there have been a number of failures with investors losing the entirety of the (fiat currency) value of their holdings.
^"Rise of Crypto Market's Quiet Giants Has Big Market Implications". Bloomberg.com. 19 March 2021. Archived from the original on 2021-11-26. Retrieved 2021-04-18.
^Cite error: The named reference bb20181029 was invoked but never defined (see the help page).
A stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money...
USD Coin (USDC) is a digital stablecoin pegged to the United States dollar. USD Coin is managed by Circle. USDC is issued by a private entity and should...
First Digital USD or briefly FDUSD is a cryptocurrency stablecoin pegged to the United States Dollar, launched by Hong Kong based company First Digital...
funds, venture capitalists, and traditional companies". In May 2022, the stablecoin TerraUSD fell to US$0.10. This was supposed to be pegged to the US dollar...
USDT may refer to: USDT, the ticker symbol for the Tether stablecoin cryptocurrency United States Department of the Treasury Ultra-slim desktop, a computer...
three other big exchanges raised $32 million for a "stablecoin" project. The idea of stablecoins is to provide a cryptocurrency without the notorious...
Ardoino, Tether's flagship stablecoin, USDT, has grown to become the first and largest United States dollar-backed stablecoin by market capitalization,...
2021, Silvergate initiated efforts to launch its own U.S. dollar-backed stablecoin, acquiring Meta's Diem technology in January, 2022 for around $200 million...
the co-founder and CEO of Terraform Labs, the parent company of crashed stablecoin TerraUSD and cryptocurrency Luna. TerraUSD and Luna collapsed in May 2022...
a blockchain DAO ecosystem ATM system symbol and USDD, an algorithmic stablecoin issued by TRON DAO Reserve. He also works as an advisor to HTX. Sun once...
startup Envadr and co-invented an economic model for an experimental stablecoin. "Kevin McSheehan (@123456) / X". Retrieved June 21, 2024. "Twitter glitch...
JPM Coin is a dollar-backed cryptocurrency (stablecoin) from the bank JP Morgan Chase, announced in February 2019 as an institution-to-institution service...
to facilitate cross-border blockchain transactions settled in the USDC stablecoin. In February 2022, MoneyGram agreed to be acquired for $1 billion in cash...
smart contracts. MakerDAO is a prominent lending DeFi platform based on a stablecoin that was established in 2017. It allows users to borrow DAI, a token pegged...
published in 2018, and it issued a consultation on cryptoassets and stablecoins in January 2021. In June 2021, El Salvador became the first country to...
Frax, an app for realtime fractal exploration FRAX, a fractional reserve stablecoin cryptocurrency This disambiguation page lists articles associated with...
software programmer. He is the founder of Frax Finance, a decentralized stablecoin cryptocurrency protocol. Previously, he co-founded Everipedia, a for-profit...
Rai stablecoin, the first stablecoin to have a scalable, purely crypto-backed design. In 2022, Mushegian co-founded RICO, a next generation stablecoin project...
been holding virtually all of its users' deposited funds in the TerraUSD stablecoin which had collapsed in May leading to the massive loss of users funds...
cryptocurrencies like Bitcoin, Tether's EURT stablecoin, Tether Gold, and Ethereum. Tether is a cryptocurrency (a so-called stablecoin) which Tether Limited had claimed...
Follows will be able to receive their earnings in the form of USD coin, a stablecoin whose value is that of the U.S. dollar. Users can also hold their earnings...