Regardless of the asset, the value of each individual stablecoin aims to remain the same as the asset it represents: A dollar-backed stablecoin, for example, should be worth one dollar.īy tapping into the relative stability of real-world assets, stablecoins are designed to bring consistency to the cryptocurrency ecosystem.
These assets could be precious metals like gold, oil, or silver, or national currencies like the dollar and euro. These are cryptocurrencies that are directly pegged to real-world assets.
The cryptocurrency world is full of jargon acronyms and futuristic words that could be straight out of the latest sci-fi flick.Īlong with cryptocurrencies like Bitcoin and Litecoin, there are many other different types of crypto assets that can be found on the blockchain: StablecoinsĪs the name suggests, stablecoins are designed for stability.
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