Definition of Stablecoins
Stablecoins are cryptocurrencies that peg their market value to some external reference, often fiat currencies like the U.S. Dollar or the Euro. It can also be pegged to commodities like oil or gold. It is a tokenized version of the asset and can be introduced subtly into a blockchain ecosystem to facilitate seamless pass transactions, improved arbitrage, and value exchange.
Stablecoin used in a sentence
‘’I exchanged all my cryptos for stablecoins last night, I believe the market is going to tank!’’
‘’I always trade against stablecoin pairs, it’s easy to know what each crypto is worth then.’’