Glossary
Stablecoin Meaning: What Does Stablecoin Mean in Crypto?
Definition
Cryptocurrency pegged to a stable asset like USD
USDT and USDC hold $150B+ market cap; algorithmic stables like UST collapsed in 2022, underscoring peg mechanism risks. Types: Fiat-collateralized (USDC), crypto-collateralized (DAI), algorithmic (FRAX). Usage: Trading pairs 70% of volume. Reserves: Audited quarterly.